Elefante Mark B Takes $1.53 Million Position in Nestlé S.A. (OTCMKTS:NSRGY)

Elefante Mark B acquired a new stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,690 shares of the company's stock, valued at approximately $1,527,000. Nestlé accounts for approximately 1.4% of Elefante Mark B's holdings, making the stock its 27th largest position.

Other large investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new stake in Nestlé during the fourth quarter worth about $33,000. Thompson Investment Management Inc. bought a new stake in shares of Nestlé in the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Nestlé in the 4th quarter valued at about $45,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestlé in the 4th quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé in the 4th quarter valued at about $386,000. Institutional investors own 0.61% of the company's stock.

Wall Street Analyst Weigh In

NSRGY has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Morgan Stanley downgraded Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a report on Friday, April 4th. Finally, BNP Paribas downgraded Nestlé from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $91.00.

Nestlé Stock Performance

Shares of NSRGY traded down $1.08 during mid-day trading on Wednesday, reaching $101.11. The company had a trading volume of 325,523 shares, compared to its average volume of 782,447. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The firm has a 50-day moving average price of $103.34 and a 200 day moving average price of $92.82.

Nestlé 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.