Nestlé S.A. (OTCMKTS:NSRGY) Shares Sold by Boston Family Office LLC

Boston Family Office LLC reduced its position in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,061 shares of the company's stock after selling 14,141 shares during the period. Boston Family Office LLC's holdings in Nestlé were worth $5,646,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Ramirez Asset Management Inc. raised its position in shares of Nestlé by 5,901.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock valued at $2,068,000 after buying an additional 24,609 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Nestlé during the 4th quarter valued at about $49,000. Beddow Capital Management Inc. raised its holdings in Nestlé by 7.5% in the 4th quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock valued at $5,364,000 after acquiring an additional 4,558 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new position in Nestlé in the 4th quarter worth approximately $33,000. Finally, Sustainable Growth Advisers LP boosted its holdings in shares of 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 purchasing an additional 28,040 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas upgraded Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. Jefferies Financial Group lowered Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. Royal Bank of Canada downgraded shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

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Nestlé Stock Down 0.2 %

NSRGY traded down $0.17 during trading hours on Wednesday, hitting $101.73. 373,348 shares of the company's stock were exchanged, compared to its average volume of 900,944. 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 12-month low of $80.11 and a 12-month high of $110.46. The firm has a 50 day moving average of $94.90 and a 200 day moving average of $91.63.

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.