Brooklyn Investment Group Makes New Investment in Nestlé S.A. (OTCMKTS:NSRGY)

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

Several other institutional investors also recently bought and sold shares of NSRGY. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Nestlé by 0.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock worth $2,459,000 after purchasing an additional 113 shares in the last quarter. Canopy Partners LLC lifted its position in shares of Nestlé by 3.0% during the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares in the last quarter. Studio Investment Management LLC lifted its position in shares of Nestlé by 5.1% during the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after purchasing an additional 180 shares in the last quarter. Kanawha Capital Management LLC raised its holdings in Nestlé by 4.0% in the second quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock valued at $622,000 after acquiring an additional 231 shares in the last quarter. Finally, Vaughan David Investments LLC IL boosted its stake in Nestlé by 12.4% during the 2nd quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock valued at $279,000 after acquiring an additional 300 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $86.78 on Friday. Nestlé S.A. has a twelve month low of $85.01 and a twelve month high of $117.55. The company has a 50-day moving average of $94.13 and a 200-day moving average of $100.64.

Wall Street Analyst Weigh In

A number of research firms have commented on NSRGY. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.