Ramirez Asset Management Inc. Acquires 24,609 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Ramirez Asset Management Inc. lifted its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 5,901.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,026 shares of the company's stock after purchasing an additional 24,609 shares during the period. Ramirez Asset Management Inc.'s holdings in Nestlé were worth $2,068,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Sustainable Growth Advisers LP raised its holdings in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after buying an additional 28,040 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nestlé during the fourth quarter valued at about $1,932,000. Saybrook Capital NC boosted its holdings in shares of Nestlé by 19.5% during the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock worth $6,188,000 after purchasing an additional 12,340 shares during the period. Mengis Capital Management Inc. increased its holdings in Nestlé by 51.0% during 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 period. Finally, SVB Wealth LLC bought a new position in Nestlé during the 4th quarter valued at approximately $906,000. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Nestlé Trading Down 1.1 %

Shares of OTCMKTS:NSRGY traded down $1.17 during midday trading on Tuesday, reaching $101.17. 302,992 shares of the company's stock traded hands, compared to its average volume of 916,390. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average of $94.12 and a 200 day moving average of $91.57. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46.

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.