GAMMA Investing LLC Sells 1,434 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

GAMMA Investing LLC lessened its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 45.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,746 shares of the company’s stock after selling 1,434 shares during the quarter. GAMMA Investing LLC’s holdings in Nestlé were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its holdings in Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock worth $92,299,000 after acquiring an additional 55,367 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in shares of Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Mengis Capital Management Inc. lifted its holdings in shares of Nestlé by 304.3% during the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after purchasing an additional 16,671 shares in the last quarter. Altrius Capital Management Inc increased its stake in Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock worth $6,936,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Saybrook Capital NC increased its stake in Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NSRGY. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, Citigroup cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nestlé currently has a consensus rating of “Hold”.

Nestlé Stock Performance

Nestlé stock opened at $82.65 on Friday. The firm has a 50-day moving average of $85.50 and a 200-day moving average of $96.17. Nestlé S.A. has a one year low of $80.84 and a one year high of $116.03.

Nestlé Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.