Generali Investments CEE investicni spolecnost a.s. Invests $1.93 Million in Nestlé S.A. (OTCMKTS:NSRGY)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,650 shares of the company’s stock, valued at approximately $1,932,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSRGY. Mengis Capital Management Inc. grew its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock worth $2,230,000 after purchasing an additional 16,671 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. grew its position in Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after purchasing an additional 10,523 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Nestlé in the 4th quarter worth about $386,000. Finally, Altrius Capital Management Inc grew its position in Nestlé by 13.5% in the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after purchasing an additional 9,381 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NSRGY has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Nestlé Price Performance

Shares of OTCMKTS NSRGY opened at $101.92 on Friday. Nestlé S.A. has a fifty-two week low of $80.11 and a fifty-two week high of $110.46. 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 fifty day moving average of $87.66 and a 200-day moving average of $92.02.

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.