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

Boston Family Office LLC reduced its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 17.0% in the 4th quarter, HoldingsChannel reports. The firm owned 69,061 shares of the company’s stock after selling 14,141 shares during the quarter. Boston Family Office LLC’s holdings in Nestlé were worth $5,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NSRGY. Flagship Wealth Advisors LLC purchased a new stake in shares of Nestlé during the fourth quarter worth about $33,000. Thompson Investment Management Inc. acquired a new stake in Nestlé during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Nestlé in the 4th quarter worth approximately $45,000. Murphy & Mullick Capital Management Corp purchased a new stake in Nestlé in the 4th quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC acquired a new position in Nestlé in the 4th quarter valued at $386,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nestlé Stock Performance

NSRGY stock opened at $101.17 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The stock has a 50-day moving average price of $94.12 and a two-hundred day moving average price of $91.57. Nestlé S.A. has a 12-month low of $80.11 and a 12-month high of $110.46.

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.