Ramirez Asset Management Inc. Grows Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Ramirez Asset Management Inc. boosted its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 5,901.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,026 shares of the company’s stock after buying an additional 24,609 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Nestlé were worth $2,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Nestlé during the third quarter worth $36,000. Thompson Investment Management Inc. purchased a new position in Nestlé in the 4th quarter worth about $33,000. Flagship Wealth Advisors LLC purchased a new stake in Nestlé in the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Nestlé during the fourth quarter valued at approximately $45,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Nestlé in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nestlé Price Performance

Shares of NSRGY 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 stock’s 50 day moving average is $93.30 and its two-hundred day moving average is $91.77. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

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.