Boston Family Office LLC Reduces Holdings in Nestle SA (OTCMKTS:NSRGY)

Boston Family Office LLC cut its position in shares of Nestle SA (OTCMKTS:NSRGY) by 19.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 55,692 shares of the company’s stock after selling 13,369 shares during the quarter. Boston Family Office LLC’s holdings in Nestle were worth $5,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mengis Capital Management Inc. grew its holdings in shares of Nestle by 25.5% during the first quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company’s stock worth $4,246,000 after buying an additional 8,520 shares in the last quarter. Elefante Mark B acquired a new stake in shares of Nestle in the fourth quarter worth approximately $1,527,000. Altrius Capital Management Inc boosted its position in shares of Nestle by 3.5% in the first quarter. Altrius Capital Management Inc now owns 81,440 shares of the company’s stock worth $8,239,000 after acquiring an additional 2,753 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Nestle in the fourth quarter worth approximately $822,000. Finally, GAMMA Investing LLC boosted its position in shares of Nestle by 136.4% in the first quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $418,000 after acquiring an additional 2,382 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Price Performance

NSRGY opened at $89.84 on Friday. The company’s 50 day simple moving average is $96.15 and its 200 day simple moving average is $98.97. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nestle currently has a consensus rating of “Hold” and an average target price of $91.00.

Nestle 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.