Nestle SA $NSRGY Holdings Cut by Boston Family Office LLC

Boston Family Office LLC reduced its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,799 shares of the company’s stock after selling 893 shares during the period. Boston Family Office LLC’s holdings in Nestle were worth $5,441,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NSRGY. Corient IA LLC purchased a new position in Nestle in the first quarter valued at about $505,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Nestle by 114.9% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company’s stock worth $918,000 after purchasing an additional 4,955 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Nestle by 6.7% during the 1st quarter. Rhumbline Advisers now owns 63,064 shares of the company’s stock valued at $6,380,000 after buying an additional 3,964 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Nestle in the 2nd quarter valued at approximately $465,000. Finally, Douglass Winthrop Advisors LLC increased its holdings in Nestle by 2.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company’s stock worth $102,296,000 after buying an additional 23,692 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Stock Up 1.0%

Shares of OTCMKTS:NSRGY opened at $99.58 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The stock’s 50-day moving average is $97.10 and its 200-day moving average is $97.04. Nestle SA has a 52-week low of $80.11 and a 52-week high of $109.31.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NSRGY shares. Berenberg Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nestle currently has a consensus rating of “Hold” and a consensus price target of $91.00.

Nestle 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.