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

GAMMA Investing LLC lessened its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Canopy Partners LLC lifted its holdings in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares during the last quarter. Studio Investment Management LLC lifted its stake in shares of Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after buying an additional 200 shares during the last quarter. Vaughan David Investments LLC IL grew its stake in Nestlé by 12.4% in the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after buying an additional 300 shares during the last quarter. Cheviot Value Management LLC raised its holdings in Nestlé by 7.1% in the 2nd quarter. Cheviot Value Management LLC now owns 4,765 shares of the company’s stock worth $488,000 after acquiring an additional 315 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Nestlé during the 3rd quarter worth $36,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Nestlé Price Performance

Shares of OTCMKTS:NSRGY opened at $82.65 on Friday. Nestlé S.A. has a 12 month low of $80.84 and a 12 month high of $116.03. The company’s 50-day moving average price is $85.50 and its two-hundred day moving average price is $96.17.

About Nestlé

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.