Ramirez Asset Management Inc. Has $2.07 Million Position in Nestlé S.A. (OTCMKTS:NSRGY)

Ramirez Asset Management Inc. lifted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5,901.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,026 shares of the company’s stock after acquiring an additional 24,609 shares during the period. Ramirez Asset Management Inc.’s holdings in Nestlé were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Investment Management Inc. bought a new stake in shares of Nestlé during the 4th quarter worth $33,000. Flagship Wealth Advisors LLC bought a new position in Nestlé during the fourth quarter worth $33,000. Brooklyn Investment Group acquired a new position in Nestlé in the third quarter valued at approximately $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé in the fourth quarter valued at $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Nestlé in the fourth quarter worth approximately $49,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Price Performance

Nestlé stock opened at $101.81 on Friday. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. The business’s fifty day simple moving average is $93.30 and its two-hundred day simple moving average is $91.77.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NSRGY. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nestlé 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.