Cullen Investment Group LTD. Invests $1.07 Million in Nestlé S.A. (OTCMKTS:NSRGY)

Cullen Investment Group LTD. purchased a new position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,266 shares of the company's stock, valued at approximately $1,074,000.

Other hedge funds have also recently modified their holdings of the company. Canton Hathaway LLC bought a new position in shares of Nestlé during the 3rd quarter worth approximately $35,000. Vestor Capital LLC bought a new position in shares of Nestlé during the 2nd quarter worth approximately $36,000. First Horizon Advisors Inc. raised its stake in shares of Nestlé by 30.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 510 shares of the company's stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Operose Advisors LLC acquired a new position in Nestlé during the 3rd quarter valued at approximately $82,000. Finally, Fishman Jay A Ltd. MI acquired a new position in Nestlé during the 2nd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BNP Paribas lowered shares of Nestlé from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 9th. Royal Bank of Canada raised shares of Nestlé from an "underperform" rating to a "sector perform" rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $153.00.

Nestlé Trading Down 0.7 %

NSRGY traded down $0.74 during midday trading on Tuesday, hitting $100.95. 710,286 shares of the company traded hands, compared to its average volume of 635,192. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. Nestlé S.A. has a 52-week low of $100.92 and a 52-week high of $131.64. The business has a 50 day simple moving average of $106.44 and a two-hundred day simple moving average of $110.51.

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.