Minot DeBlois Advisors LLC Acquires New Shares in Nestlé S.A. (OTCMKTS:NSRGY)

Minot DeBlois Advisors LLC acquired a new stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,065 shares of the company's stock, valued at approximately $822,000.

Several other large investors have also bought and sold shares of the business. Elefante Mark B bought a new position in Nestlé in the fourth quarter valued at about $1,527,000. Ancora Advisors LLC raised its position in Nestlé by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock valued at $6,102,000 after purchasing an additional 239 shares during the last quarter. Cheviot Value Management LLC raised its position in Nestlé by 23.1% in the fourth quarter. Cheviot Value Management LLC now owns 5,624 shares of the company's stock valued at $459,000 after purchasing an additional 1,057 shares during the last quarter. Beck Mack & Oliver LLC raised its position in shares of Nestlé by 10.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 18,240 shares of the company's stock worth $1,490,000 after acquiring an additional 1,790 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its position in shares of Nestlé by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock worth $588,000 after acquiring an additional 4,742 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $102.19 on Tuesday. The business's 50 day moving average is $103.30 and its 200 day moving average is $92.76. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

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.

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