Rhumbline Advisers Boosts Position in Nestlé S.A. (OTCMKTS:NSRGY)

Rhumbline Advisers grew its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,064 shares of the company's stock after purchasing an additional 3,964 shares during the period. Rhumbline Advisers' holdings in Nestlé were worth $6,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSRGY. DF Dent & Co. Inc. grew its holdings in Nestlé by 193.6% during the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock valued at $588,000 after purchasing an additional 4,742 shares during the last quarter. Elefante Mark B bought a new position in shares of Nestlé during the fourth quarter valued at approximately $1,527,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Nestlé in the fourth quarter worth approximately $822,000. Altrius Capital Management Inc raised its holdings in shares of Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after buying an additional 9,381 shares during the period. Finally, Beddow Capital Management Inc. lifted its stake in shares of Nestlé by 7.5% during the 4th quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock worth $5,364,000 after acquiring an additional 4,558 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Stock Performance

Shares of NSRGY stock traded up $1.57 during trading hours on Thursday, reaching $105.24. 174,728 shares of the company's stock were exchanged, compared to its average volume of 706,552. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $109.31. The stock's 50 day moving average is $104.88 and its 200-day moving average is $94.98.

Analysts Set New Price Targets

A number of analysts have weighed in on NSRGY shares. Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Morgan Stanley downgraded shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a research note on Friday, April 4th. Finally, BNP Paribas cut shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $91.00.

Nestlé Company 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.