NESTLE S A/S (NSRGY) Shares Sold by Scout Investments Inc.
Scout Investments Inc. lessened its stake in NESTLE S A/S (OTCMKTS:NSRGY) by 5.3% in the 1st quarter, HoldingsChannel reports. The fund owned 167,997 shares of the company’s stock after selling 9,357 shares during the period. Scout Investments Inc.’s holdings in NESTLE S A/S were worth $16,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC boosted its stake in NESTLE S A/S by 73.3% in the first quarter. Vigilant Capital Management LLC now owns 674 shares of the company’s stock valued at $64,000 after acquiring an additional 285 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of NESTLE S A/S during the fourth quarter worth about $216,000. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in shares of NESTLE S A/S during the fourth quarter worth about $243,000. Fulton Bank N.A. boosted its stake in shares of NESTLE S A/S by 11.1% during the first quarter. Fulton Bank N.A. now owns 3,221 shares of the company’s stock worth $307,000 after buying an additional 323 shares during the period. Finally, Private Capital Group LLC boosted its stake in shares of NESTLE S A/S by 32.5% during the fourth quarter. Private Capital Group LLC now owns 4,105 shares of the company’s stock worth $332,000 after buying an additional 1,006 shares during the period.
Several equities research analysts have recently weighed in on NSRGY shares. Royal Bank of Canada downgraded shares of NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 19th. Berenberg Bank upgraded shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. UBS Group upgraded shares of NESTLE S A/S from a “neutral” rating to a “buy” rating in a research note on Thursday, January 3rd. Finally, Bank of America started coverage on shares of NESTLE S A/S in a research note on Friday, April 5th. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. NESTLE S A/S currently has an average rating of “Buy” and a consensus target price of $96.50.
ILLEGAL ACTIVITY NOTICE: “NESTLE S A/S (NSRGY) Shares Sold by Scout Investments Inc.” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.watchlistnews.com/nestle-s-a-s-nsrgy-shares-sold-by-scout-investments-inc/2963943.html.
NESTLE S A/S Company Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
Read More: Return on Investment (ROI)
Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NESTLE S A/S (OTCMKTS:NSRGY).
Receive News & Ratings for NESTLE S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTLE S A/S and related companies with MarketBeat.com's FREE daily email newsletter.