18,690 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Bought by Elefante Mark B

Elefante Mark B bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,690 shares of the company's stock, valued at approximately $1,527,000. Nestlé comprises approximately 1.4% of Elefante Mark B's portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in shares of Nestlé in the 4th quarter valued at $386,000. Hantz Financial Services Inc. increased its stake in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock worth $8,806,000 after purchasing an additional 10,523 shares in the last quarter. Thompson Investment Management Inc. bought a new stake in Nestlé during the 4th quarter worth approximately $33,000. Raelipskie Partnership increased its stake in Nestlé by 6.1% during the 4th quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock worth $1,407,000 after purchasing an additional 990 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in shares of Nestlé by 51.0% during the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after buying an additional 11,295 shares in the last quarter. Institutional investors own 0.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on NSRGY shares. Morgan Stanley cut Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 target price on the stock. in a research note on Friday, April 4th. Royal Bank of Canada cut shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. Finally, BNP Paribas downgraded Nestlé from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $91.00.

Nestlé Price Performance

Shares of NSRGY traded up $0.67 during trading hours on Friday, reaching $105.59. The stock had a trading volume of 462,081 shares, compared to its average volume of 792,420. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The company's 50-day moving average is $103.23 and its two-hundred day moving average is $92.73.

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.