Forbes J M & Co. LLP Boosts Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Forbes J M & Co. LLP increased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,558 shares of the company’s stock after buying an additional 139 shares during the period. Forbes J M & Co. LLP’s holdings in Nestlé were worth $5,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in shares of Nestlé in the third quarter valued at approximately $36,000. First Horizon Advisors Inc. grew its holdings in shares of Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after buying an additional 922 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Nestlé by 28.1% in the third quarter. GAMMA Investing LLC now owns 3,180 shares of the company’s stock valued at $320,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Nestlé in the third quarter worth about $365,000. Finally, Nisa Investment Advisors LLC acquired a new position in Nestlé during the fourth quarter worth about $386,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Price Performance

Shares of NSRGY opened at $85.00 on Friday. The firm has a 50-day simple moving average of $83.39 and a two-hundred day simple moving average of $93.19. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a 1-year low of $80.11 and a 1-year high of $113.67.

Analyst Upgrades and Downgrades

NSRGY has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Nestlé has a consensus 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.