Ramirez Asset Management Inc. Increases Holdings in Nestle SA $NSRGY

Ramirez Asset Management Inc. increased its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 88.8% during the third quarter, HoldingsChannel.com reports. The firm owned 57,151 shares of the company’s stock after buying an additional 26,888 shares during the period. Ramirez Asset Management Inc.’s holdings in Nestle were worth $5,249,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Douglas Lane & Associates LLC grew its holdings in Nestle by 5.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock valued at $84,889,000 after buying an additional 44,185 shares in the last quarter. Altrius Capital Management Inc lifted its holdings in shares of Nestle by 10.5% in the third quarter. Altrius Capital Management Inc now owns 89,028 shares of the company’s stock worth $8,170,000 after buying an additional 8,433 shares in the last quarter. Saybrook Capital NC boosted its position in shares of Nestle by 1.1% in the third quarter. Saybrook Capital NC now owns 76,147 shares of the company’s stock valued at $6,988,000 after acquiring an additional 813 shares during the period. Beddow Capital Management Inc. boosted its position in shares of Nestle by 6.6% in the third quarter. Beddow Capital Management Inc. now owns 73,734 shares of the company’s stock valued at $6,767,000 after acquiring an additional 4,544 shares during the period. Finally, Rhumbline Advisers grew its stake in Nestle by 0.7% during the second quarter. Rhumbline Advisers now owns 63,529 shares of the company’s stock valued at $6,310,000 after acquiring an additional 465 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NSRGY shares. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research note on Thursday, February 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nestle in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.00.

Nestle Price Performance

Shares of NSRGY opened at $104.04 on Friday. Nestle SA has a 1-year low of $86.98 and a 1-year high of $109.59. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm’s 50 day simple moving average is $99.26 and its 200 day simple moving average is $97.28.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.