Brooklyn Investment Group Makes New $36,000 Investment in Nestlé S.A. (OTCMKTS:NSRGY)

Brooklyn Investment Group bought a new position in Nestlé S.A. (OTCMKTS:NSRGY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 353 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSRGY. GAMMA Investing LLC boosted its holdings in shares of Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after buying an additional 949 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Nestlé by 9.9% during the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after purchasing an additional 77,885 shares during the period. Boit C F David acquired a new stake in shares of Nestlé during the second quarter worth approximately $592,000. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nestlé during the second quarter worth approximately $265,000. Finally, Diversified Trust Co boosted its holdings in shares of Nestlé by 5.3% during the second quarter. Diversified Trust Co now owns 6,630 shares of the company’s stock worth $677,000 after purchasing an additional 336 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on NSRGY shares. Barclays restated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Finally, Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Nestlé Stock Up 0.5 %

Shares of NSRGY opened at $86.78 on Friday. The firm’s 50 day moving average price is $94.13 and its 200 day moving average price is $100.64. Nestlé S.A. has a twelve month low of $85.01 and a twelve month high of $117.55.

Nestlé Company 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.