10,065 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Purchased by Minot DeBlois Advisors LLC

Minot DeBlois Advisors LLC acquired a new stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,065 shares of the company's stock, valued at approximately $822,000.

Other large investors also recently made changes to their positions in the company. Sustainable Growth Advisers LP increased its position in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock worth $6,097,000 after buying an additional 28,040 shares during the period. Ramirez Asset Management Inc. increased its position in Nestlé by 5,901.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock worth $2,068,000 after buying an additional 24,609 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in Nestlé during the 4th quarter worth $1,932,000. Elefante Mark B bought a new position in Nestlé during the 4th quarter worth $1,527,000. Finally, Saybrook Capital NC increased its position in Nestlé by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock worth $6,188,000 after buying an additional 12,340 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestlé Stock Performance

Shares of NSRGY stock traded down $0.54 during mid-day trading on Friday, reaching $103.27. 311,950 shares of the stock traded hands, compared to its average volume of 766,562. The stock's fifty day simple moving average is $103.40 and its two-hundred day simple moving average is $92.96. 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 1-year low of $80.11 and a 1-year high of $110.46.

Analyst Ratings Changes

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