Generali Investments CEE investicni spolecnost a.s. Purchases New Position in Nestlé S.A. (OTCMKTS:NSRGY)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,650 shares of the company's stock, valued at approximately $1,932,000.

Other large investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Nestlé in the fourth quarter valued at about $45,000. SVB Wealth LLC purchased a new stake in Nestlé during the 4th quarter valued at approximately $906,000. Altrius Capital Management Inc lifted its position in Nestlé by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after acquiring an additional 9,381 shares during the period. Mengis Capital Management Inc. grew its stake in shares of Nestlé by 51.0% in the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after purchasing an additional 11,295 shares during the last quarter. Finally, Raelipskie Partnership increased its holdings in shares of Nestlé by 6.1% in the fourth quarter. Raelipskie Partnership now owns 17,226 shares of the company's stock valued at $1,407,000 after purchasing an additional 990 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NSRGY. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Jefferies Financial Group downgraded Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th. Finally, BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Nestlé currently has an average rating of "Hold".

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Nestlé Price Performance

OTCMKTS NSRGY traded down $0.08 on Wednesday, hitting $100.86. 355,397 shares of the stock traded hands, compared to its average volume of 863,449. The stock has a 50-day moving average of $88.44 and a 200 day moving average of $91.92. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

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.