Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Boston Family Office LLC

Boston Family Office LLC reduced its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,061 shares of the company’s stock after selling 14,141 shares during the quarter. Boston Family Office LLC’s holdings in Nestlé were worth $5,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ramirez Asset Management Inc. lifted its stake in Nestlé by 5,901.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company’s stock valued at $2,068,000 after buying an additional 24,609 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Nestlé in the 4th quarter valued at $49,000. Beddow Capital Management Inc. raised its position in Nestlé by 7.5% in the 4th quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company’s stock valued at $5,364,000 after purchasing an additional 4,558 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new stake in Nestlé during the 4th quarter worth $33,000. Finally, Sustainable Growth Advisers LP grew its position in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after purchasing an additional 28,040 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Nestlé Price Performance

NSRGY opened at $101.17 on Tuesday. The business has a 50 day simple moving average of $94.12 and a 200-day simple moving average of $91.57. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NSRGY. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada downgraded Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.