46,374 Shares in Nestle SA $NSRGY Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC bought a new stake in Nestle SA (OTCMKTS:NSRGY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,374 shares of the company’s stock, valued at approximately $4,259,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in shares of Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after purchasing an additional 167 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in Nestle by 412.6% in the third quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock valued at $87,000 after buying an additional 751 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Nestle during the 3rd quarter valued at approximately $125,000. IHT Wealth Management LLC purchased a new stake in shares of Nestle during the 2nd quarter worth approximately $213,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Nestle in the 3rd quarter worth approximately $252,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Trading Down 1.2%

NSRGY opened at $92.45 on Thursday. The business’s fifty day simple moving average is $97.58 and its 200 day simple moving average is $95.35. Nestle SA has a 52 week low of $81.50 and a 52 week high of $109.31. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. Berenberg Bank raised Nestle from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.00.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.