Boston Family Office LLC Cuts Stake in Nestle SA $NSRGY

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 cut its stake in Nestle SA (OTCMKTS:NSRGY - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,692 shares of the company's stock after selling 13,369 shares during the quarter. Boston Family Office LLC's holdings in Nestle were worth $5,634,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its stake in Nestle by 11.4% during the first quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock worth $99,294,000 after purchasing an additional 100,767 shares during the last quarter. GAMMA Investing LLC lifted its stake in Nestle by 23,819.2% during the first quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock worth $42,252,000 after purchasing an additional 415,884 shares during the last quarter. Altrius Capital Management Inc lifted its stake in Nestle by 3.5% during the first quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock worth $8,239,000 after purchasing an additional 2,753 shares during the last quarter. Ancora Advisors LLC lifted its stake in Nestle by 0.3% during the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after purchasing an additional 239 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Nestle by 6.7% during the first quarter. Rhumbline Advisers now owns 63,064 shares of the company's stock worth $6,380,000 after purchasing an additional 3,964 shares during the last quarter. Institutional investors own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $91.00.

Nestle Stock Down 0.8%

NSRGY stock traded down $0.72 during midday trading on Thursday, hitting $93.86. The company's stock had a trading volume of 130,726 shares, compared to its average volume of 677,446. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The firm's 50-day moving average is $95.37 and its 200-day moving average is $99.09.

Nestle 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.