Sustainable Growth Advisers LP Raises Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Sustainable Growth Advisers LP lifted its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 60.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 74,622 shares of the company's stock after purchasing an additional 28,040 shares during the period. Sustainable Growth Advisers LP's holdings in Nestlé were worth $6,097,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NSRGY. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock worth $104,417,000 after buying an additional 24,826 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock valued at $8,806,000 after acquiring an additional 10,523 shares in the last quarter. Altrius Capital Management Inc lifted its stake in 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 acquiring an additional 9,381 shares during the period. Saybrook Capital NC boosted its holdings in Nestlé by 19.5% in the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after acquiring an additional 12,340 shares in the last quarter. Finally, Beddow Capital Management Inc. increased its position in Nestlé by 4.4% during the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company's stock valued at $6,151,000 after purchasing an additional 2,590 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

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Nestlé Price Performance

Shares of NSRGY traded up $0.76 during trading hours on Tuesday, hitting $103.46. The company had a trading volume of 2,221,754 shares, compared to its average volume of 899,478. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $110.46. The firm has a fifty day moving average price of $90.01 and a 200-day moving average price of $91.77.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BNP Paribas raised shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Morgan Stanley raised Nestlé from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Nestlé currently has a consensus rating of "Hold".

Nestlé 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.