Nestlé S.A. (OTCMKTS:NSRGY) Shares Acquired by Saybrook Capital NC

Saybrook Capital NC grew its holdings in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,741 shares of the company's stock after purchasing an additional 12,340 shares during the period. Nestlé comprises approximately 1.7% of Saybrook Capital NC's holdings, making the stock its 17th largest holding. Saybrook Capital NC's holdings in Nestlé were worth $6,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Nestlé during the fourth quarter valued at approximately $1,932,000. Kohmann Bosshard Financial Services LLC purchased a new position in Nestlé during the 4th quarter worth $45,000. SVB Wealth LLC bought a new stake in Nestlé during the 4th quarter valued at $906,000. Altrius Capital Management Inc lifted its holdings in shares of Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock worth $6,429,000 after buying an additional 9,381 shares during the period. Finally, Mengis Capital Management Inc. grew its position in shares of Nestlé by 51.0% during the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock worth $2,732,000 after buying an additional 11,295 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestlé Price Performance

OTCMKTS:NSRGY traded up $0.29 during midday trading on Thursday, reaching $101.15. 538,132 shares of the stock traded hands, compared to its average volume of 857,457. Nestlé S.A. has a 12-month low of $80.11 and a 12-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. The business has a 50-day moving average of $88.83 and a two-hundred day moving average of $91.98.

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Analysts Set New Price Targets

NSRGY has been the subject of a number of research reports. 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 upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

About Nestlé

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.