23,650 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 23,650 shares of the company’s stock, valued at approximately $1,932,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thompson Investment Management Inc. purchased a new position in Nestlé during the fourth quarter worth about $33,000. Brooklyn Investment Group bought a new stake in Nestlé during the third quarter worth about $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé during the fourth quarter worth about $45,000. First Horizon Advisors Inc. lifted its stake in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after purchasing an additional 922 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Nestlé during the fourth quarter worth about $386,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. 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 raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nestlé Trading Up 2.5 %

OTCMKTS NSRGY opened at $101.92 on Friday. Nestlé S.A. has a 1-year low of $80.11 and a 1-year high of $110.46. 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 of $87.66 and a 200-day moving average of $92.02.

Nestlé Company 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.