46,374 Shares in Nestle SA $NSRGY Acquired by Boston Common Asset Management LLC

Boston Common Asset Management LLC purchased a new stake in Nestle SA (OTCMKTS:NSRGY) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 46,374 shares of the company’s stock, valued at approximately $4,259,000.

Several other hedge funds have also made changes to their positions in the business. First Horizon Advisors Inc. grew its position in shares of Nestle by 37.4% in the second quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock valued at $61,000 after purchasing an additional 167 shares during the period. Salomon & Ludwin LLC boosted its stake in Nestle by 412.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after buying an additional 751 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Nestle in the 3rd quarter worth about $125,000. IHT Wealth Management LLC purchased a new stake in Nestle in the 2nd quarter valued at about $213,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Nestle during the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Trading Down 1.2%

NSRGY opened at $92.45 on Thursday. Nestle SA has a 1 year low of $81.50 and a 1 year high of $109.31. The firm has a 50 day moving average price of $97.58 and a 200 day moving average price of $95.35. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Berenberg Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research note on Monday, October 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.00.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.