Beck Mack & Oliver LLC Increases Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Beck Mack & Oliver LLC lifted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 10.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,240 shares of the company’s stock after acquiring an additional 1,790 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Nestlé were worth $1,490,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NSRGY shares. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. Finally, BNP Paribas lowered shares of Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Nestlé currently has an average rating of “Hold” and an average target price of $91.00.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $107.74 on Friday. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $110.46. The stock has a fifty day simple moving average of $99.81 and a 200-day simple moving average of $91.99. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

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.