Hall Laurie J Trustee Purchases New Position in Nestlé S.A. (OTCMKTS:NSRGY)

Hall Laurie J Trustee purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,440 shares of the company’s stock, valued at approximately $1,089,000.

Other large investors have also recently added to or reduced their stakes in the company. Hendley & Co. Inc. boosted its position in Nestlé by 0.3% in the 3rd quarter. Hendley & Co. Inc. now owns 44,731 shares of the company’s stock valued at $4,813,000 after buying an additional 140 shares during the last quarter. Sky Investment Group LLC boosted its position in Nestlé by 0.4% in the 3rd quarter. Sky Investment Group LLC now owns 80,287 shares of the company’s stock valued at $8,640,000 after buying an additional 300 shares during the last quarter. Grassi Investment Management purchased a new position in Nestlé in the 4th quarter valued at about $213,000. Front Row Advisors LLC boosted its position in Nestlé by 53.1% in the 3rd quarter. Front Row Advisors LLC now owns 450 shares of the company’s stock valued at $48,000 after buying an additional 156 shares during the last quarter. Finally, SVB Wealth LLC boosted its position in Nestlé by 23.1% in the 3rd quarter. SVB Wealth LLC now owns 24,484 shares of the company’s stock valued at $2,635,000 after buying an additional 4,588 shares during the last quarter. 0.97% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $117.71 on Friday. Nestlé S.A. has a 52 week low of $102.78 and a 52 week high of $133.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.80. The firm’s 50 day moving average is $118.64 and its two-hundred day moving average is $114.87.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NSRGY. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, January 18th. Morgan Stanley raised shares of Nestlé from an “equal weight” rating to an “overweight” rating in a report on Friday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Nestlé from a “hold” rating to a “buy” rating in a report on Thursday, January 12th. HSBC cut shares of Nestlé from a “buy” rating to a “hold” rating in a report on Thursday, December 8th. Finally, Royal Bank of Canada cut shares of Nestlé from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $100.00 to $95.00 in a report on Monday, March 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.60.

About Nestlé

(Get Rating)

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care.