Boston Family Office LLC Sells 1,275 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Boston Family Office LLC decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,202 shares of the company’s stock after selling 1,275 shares during the quarter. Boston Family Office LLC’s holdings in Nestlé were worth $8,376,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. increased its position in shares of Nestlé by 251.9% during the 3rd 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. 1620 Investment Advisors Inc. acquired a new position in Nestlé during the second quarter worth $134,000. Front Row Advisors LLC lifted its stake in Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Nestlé by 61.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after acquiring an additional 949 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Nestlé during the 2nd quarter worth about $262,000. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Down 0.7 %

OTCMKTS NSRGY opened at $85.08 on Monday. Nestlé S.A. has a 52-week low of $85.01 and a 52-week high of $117.55. The company has a fifty day moving average of $95.60 and a 200-day moving average of $101.24.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NSRGY shares. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.