Nestle SA $NSRGY Shares Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,160 shares of the company’s stock after acquiring an additional 13,510 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Nestle were worth $3,671,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strengthening Families & Communities LLC acquired a new stake in shares of Nestle during the third quarter worth $31,000. Boyd Watterson Asset Management LLC OH boosted its position in shares of Nestle by 175.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock valued at $59,000 after purchasing an additional 408 shares during the period. Salomon & Ludwin LLC increased its stake in Nestle by 412.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after purchasing an additional 751 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Nestle during the 3rd quarter worth about $125,000. Finally, IHT Wealth Management LLC purchased a new stake in Nestle during the second quarter valued at about $213,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nestle Trading Up 0.0%

Shares of NSRGY stock opened at $95.41 on Friday. Nestle SA has a 1-year low of $86.98 and a 1-year high of $109.59. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $100.20 and its 200-day simple moving average is $97.87.

About Nestle

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.