Douglas Lane & Associates LLC Raises Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Douglas Lane & Associates LLC increased its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 983,326 shares of the company's stock after purchasing an additional 100,767 shares during the quarter. Nestlé accounts for 1.5% of Douglas Lane & Associates LLC's portfolio, making the stock its 16th largest position. Douglas Lane & Associates LLC's holdings in Nestlé were worth $99,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Nestlé during the 4th quarter valued at about $26,000. Flagship Wealth Advisors LLC bought a new position in shares of Nestlé during the 4th quarter valued at about $33,000. Thompson Investment Management Inc. bought a new position in shares of Nestlé during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Nestlé in the fourth quarter valued at $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Nestlé in the fourth quarter valued at $49,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Trading Up 0.7%

NSRGY stock traded up $0.78 during midday trading on Thursday, reaching $106.21. 744,681 shares of the company were exchanged, compared to its average volume of 723,165. The business has a 50-day moving average price of $104.60 and a two-hundred day moving average price of $94.35. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Analysts Set New Price Targets

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

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.