NESTLE S A/S (NSRGY) Holdings Lessened by Boston Family Office LLC

Boston Family Office LLC reduced its holdings in NESTLE S A/S (OTCMKTS:NSRGY) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 112,768 shares of the company’s stock after selling 2,595 shares during the quarter. NESTLE S A/S accounts for 1.2% of Boston Family Office LLC’s portfolio, making the stock its 26th biggest position. Boston Family Office LLC’s holdings in NESTLE S A/S were worth $10,749,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC grew its holdings in shares of NESTLE S A/S by 4.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,409,857 shares of the company’s stock worth $276,026,000 after buying an additional 144,155 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of NESTLE S A/S by 1.1% during the first quarter. Douglass Winthrop Advisors LLC now owns 791,943 shares of the company’s stock worth $75,488,000 after buying an additional 8,396 shares in the last quarter. Hikari Power Ltd grew its holdings in shares of NESTLE S A/S by 2.5% during the first quarter. Hikari Power Ltd now owns 227,130 shares of the company’s stock worth $21,650,000 after buying an additional 5,640 shares in the last quarter. Beach Investment Counsel Inc. PA grew its holdings in shares of NESTLE S A/S by 92.2% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 219,553 shares of the company’s stock worth $19,154,000 after buying an additional 105,350 shares in the last quarter. Finally, Hemenway Trust Co LLC grew its holdings in shares of NESTLE S A/S by 12.4% during the first quarter. Hemenway Trust Co LLC now owns 181,241 shares of the company’s stock worth $17,275,000 after buying an additional 19,973 shares in the last quarter. Institutional investors and hedge funds own 1.39% of the company’s stock.

NSRGY stock opened at $98.83 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $302.50 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 2.55 and a beta of 0.54. NESTLE S A/S has a twelve month low of $73.59 and a twelve month high of $99.46.

A number of research firms recently issued reports on NSRGY. Bank of America assumed coverage on NESTLE S A/S in a report on Friday, April 5th. They set a “buy” rating for the company. Zacks Investment Research upgraded NESTLE S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Berenberg Bank upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Societe Generale assumed coverage on NESTLE S A/S in a research note on Tuesday, January 29th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada downgraded NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $103.50.

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NESTLE S A/S Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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