Nestle SA $NSRGY Holdings Decreased by Boston Family Office LLC

Key Points

• Boston Family Office LLC reduced its holdings in Nestle SA by 19.4%, selling 13,369 shares and owning 55,692 shares valued at $5,634,000 at the end of the first quarter.
• Multiple institutional investors, including Douglas Lane & Associates LLC and GAMMA Investing LLC, have made significant increases to their stakes in Nestle during the same period.
• Analysts have generally rated Nestle with a consensus of "Hold" and set a price target of $91.00, reflecting mixed sentiments towards the stock's performance.

Boston Family Office LLC trimmed its position in Nestle SA (OTCMKTS:NSRGY - Free Report) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,692 shares of the company's stock after selling 13,369 shares during the period. Boston Family Office LLC's holdings in Nestle were worth $5,634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mengis Capital Management Inc. lifted its holdings in shares of Nestle by 25.5% during the 1st quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company's stock worth $4,246,000 after acquiring an additional 8,520 shares during the period. Elefante Mark B acquired a new stake in Nestle in the fourth quarter valued at approximately $1,527,000. Altrius Capital Management Inc lifted its stake in shares of Nestle by 3.5% in the first quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock worth $8,239,000 after acquiring an additional 2,753 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Nestle in the fourth quarter worth about $822,000. Finally, GAMMA Investing LLC lifted its stake in shares of Nestle by 136.4% in the first quarter. GAMMA Investing LLC now owns 4,128 shares of the company's stock worth $418,000 after acquiring an additional 2,382 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nestle has an average rating of "Hold" and a consensus price target of $91.00.

Nestle Stock Up 1.7%

Nestle stock traded up $1.5270 during mid-day trading on Tuesday, reaching $90.91. The company's stock had a trading volume of 317,744 shares, compared to its average volume of 703,175. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31. The business has a 50 day moving average price of $95.83 and a 200-day moving average price of $99.18.

About Nestle

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.