Thompson Investment Management Inc. Purchases Shares of 400 Nestlé S.A. (OTCMKTS:NSRGY)

Thompson Investment Management Inc. acquired a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 400 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Canopy Partners LLC grew its holdings in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after acquiring an additional 147 shares during the last quarter. Studio Investment Management LLC grew its stake in shares of Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in Nestlé during the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. lifted its holdings in Nestlé by 251.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after buying an additional 922 shares during the period. Finally, Altrius Capital Management Inc raised its stake in Nestlé by 2.4% in the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock worth $6,977,000 after buying an additional 1,603 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on NSRGY shares. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Stock Performance

Shares of Nestlé stock opened at $85.00 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average price of $83.39 and a 200-day moving average price of $93.11. Nestlé S.A. has a one year low of $80.11 and a one year high of $113.67.

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.