Boston Family Office LLC Has $13.61 Million Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Boston Family Office LLC lifted its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,102 shares of the company’s stock after purchasing an additional 91 shares during the period. Boston Family Office LLC’s holdings in Nestlé were worth $13,609,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NSRGY. Cullen Capital Management LLC acquired a new position in shares of Nestlé during the 1st quarter worth approximately $43,758,000. Bristol John W & Co. Inc. NY acquired a new position in shares of Nestlé during the 2nd quarter worth approximately $101,335,000. Kidder Stephen W grew its position in shares of Nestlé by 1.0% during the 1st quarter. Kidder Stephen W now owns 76,788 shares of the company’s stock worth $8,562,000 after purchasing an additional 755 shares in the last quarter. Somerset Group LLC bought a new stake in shares of Nestlé during the 2nd quarter worth approximately $203,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Nestlé by 3.9% during the 2nd quarter. Fisher Asset Management LLC now owns 4,514,129 shares of the company’s stock worth $562,685,000 after acquiring an additional 169,190 shares during the period. Institutional investors own 1.12% of the company’s stock.

Shares of NSRGY stock traded down $2.01 during trading hours on Monday, hitting $122.36. 223,400 shares of the company’s stock traded hands, compared to its average volume of 354,625. Nestlé S.A. has a 12 month low of $104.50 and a 12 month high of $128.17. The company has a quick ratio of 0.60, a current ratio of 0.86 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $125.23 and its 200 day simple moving average is $122.01. The stock has a market cap of $344.44 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36.

A number of brokerages have recently weighed in on NSRGY. Morgan Stanley reaffirmed an “overweight” rating on shares of Nestlé in a report on Tuesday, June 29th. BNP Paribas raised shares of Nestlé from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nestlé in a report on Friday, July 2nd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Nestlé in a research note on Tuesday, June 1st. Finally, Exane BNP Paribas raised shares of Nestlé from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 15th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Nestlé presently has a consensus rating of “Buy” and a consensus target price of $127.00.

Nestlé Profile

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care.

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Institutional Ownership by Quarter for Nestlé (OTCMKTS:NSRGY)

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