Bahl & Gaynor Inc. Has $10.53 Million Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Bahl & Gaynor Inc. trimmed its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,853 shares of the company’s stock after selling 528 shares during the period. Bahl & Gaynor Inc.’s holdings in Nestlé were worth $10,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSRGY. Kornitzer Capital Management Inc. KS raised its holdings in shares of Nestlé by 198.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock worth $9,636,000 after acquiring an additional 55,298 shares during the period. Ramirez Asset Management Inc. bought a new position in Nestlé in the third quarter valued at $3,572,000. Beach Investment Counsel Inc. PA grew its position in Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after purchasing an additional 25,203 shares in the last quarter. NBT Bank N A NY bought a new position in Nestlé in the third quarter valued at $1,534,000. Finally, Cullen Investment Group LTD. bought a new position in Nestlé in the fourth quarter valued at $1,074,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSRGY. Royal Bank of Canada raised shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. BNP Paribas downgraded shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $153.00.

Nestlé Stock Performance

Nestlé stock traded down $0.09 during midday trading on Friday, hitting $101.34. The company’s stock had a trading volume of 723,194 shares, compared to its average volume of 762,534. Nestlé S.A. has a 1-year low of $99.04 and a 1-year high of $131.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. The company has a 50-day moving average price of $105.17 and a two-hundred day moving average price of $110.01.

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.