Ramirez Asset Management Inc. Buys 26,888 Shares of Nestle SA $NSRGY

Key Points

• Ramirez Asset Management increased its Nestle stake by 88.8% in Q3, buying 26,888 shares to hold 57,151 shares valued at about $5.25 million, per its latest 13F filing.
• NSRGY is trading around $104.04, above its 50‑day and 200‑day moving averages (~$99 and $97), with a 12‑month range of $86.98–$109.59.
• Analysts have a consensus Hold rating on Nestle with a $91 consensus target (1 Buy, 3 Hold, 1 Sell), which is below the current share price.

Ramirez Asset Management Inc. increased its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 88.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,151 shares of the company's stock after buying an additional 26,888 shares during the period. Ramirez Asset Management Inc.'s holdings in Nestle were worth $5,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC grew its position in shares of Nestle by 4.6% during the 3rd quarter. Accent Capital Management LLC now owns 2,345 shares of the company's stock valued at $215,000 after acquiring an additional 104 shares during the period. Madison Asset Management LLC raised its holdings in shares of Nestle by 3.5% in the 3rd quarter. Madison Asset Management LLC now owns 4,033 shares of the company's stock worth $370,000 after purchasing an additional 137 shares during the period. Weik Capital Management raised its holdings in shares of Nestle by 0.3% in the 2nd quarter. Weik Capital Management now owns 51,889 shares of the company's stock worth $5,154,000 after purchasing an additional 160 shares during the period. First Horizon Advisors Inc. lifted its stake in Nestle by 37.4% in the second quarter. First Horizon Advisors Inc. now owns 613 shares of the company's stock valued at $61,000 after purchasing an additional 167 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in Nestle by 4.4% during the third quarter. Studio Investment Management LLC now owns 4,404 shares of the company's stock valued at $404,000 after purchasing an additional 187 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Stock Up 1.3%

Shares of NSRGY stock opened at $104.04 on Friday. The firm's 50 day moving average is $99.26 and its 200 day moving average is $97.28. Nestle SA has a 12 month low of $86.98 and a 12 month high of $109.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71.

Analyst Upgrades and Downgrades

NSRGY has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating on shares of Nestle in a research report on Monday, February 23rd. Morgan Stanley reiterated an "underweight" rating on shares of Nestle in a research note on Thursday, February 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Nestle has a consensus rating of "Hold" and a consensus target price of $91.00.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company's main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.