10,065 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Purchased by Minot DeBlois Advisors LLC

Minot DeBlois Advisors LLC bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,065 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in Nestlé during the 4th quarter valued at approximately $33,000. Thompson Investment Management Inc. bought a new position in Nestlé during the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Nestlé during the 4th quarter valued at approximately $45,000. Murphy & Mullick Capital Management Corp bought a new position in Nestlé during the 4th quarter valued at approximately $49,000. Finally, Nisa Investment Advisors LLC bought a new position in Nestlé during the 4th quarter valued at approximately $386,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NSRGY shares. BNP Paribas lowered Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. Finally, Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 target price for the company. in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.00.

Nestlé Price Performance

Shares of NSRGY opened at $102.19 on Tuesday. The business’s fifty day simple moving average is $103.30 and its two-hundred day simple moving average is $92.76. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. 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.