Bahl & Gaynor Inc. Sells 528 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Bahl & Gaynor Inc. decreased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 0.6% in the 4th quarter, Holdings Channel.com reports. 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 filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of NSRGY. First Horizon Advisors Inc. increased its stake in shares of Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Nestlé in the fourth quarter valued at approximately $69,000. Operose Advisors LLC bought a new position in shares of Nestlé in the third quarter valued at approximately $82,000. Wesbanco Bank Inc. boosted its position in shares of Nestlé by 11.5% in the third quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock valued at $239,000 after acquiring an additional 218 shares during the period. Finally, Enterprise Financial Services Corp boosted its position in shares of Nestlé by 7.7% in the third quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock valued at $247,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. BNP Paribas lowered shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Nestlé has an average rating of “Hold” and an average target price of $153.00.

Nestlé Price Performance

Nestlé stock traded down $0.09 during mid-day trading on Friday, hitting $101.34. 723,194 shares of the company traded hands, compared to its average volume of 762,534. Nestlé S.A. has a one year low of $99.04 and a one year high of $131.64. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $105.17 and a 200-day moving average price of $110.01.

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.