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

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

Several other hedge funds have also recently modified their holdings of NSRGY. Brooklyn Investment Group purchased a new stake in Nestlé during the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after purchasing an additional 922 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Nestlé in the third quarter valued at approximately $365,000. Nisa Investment Advisors LLC acquired a new position in Nestlé in the 4th quarter worth approximately $386,000. Finally, Studio Investment Management LLC lifted its stake in Nestlé by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Down 0.4 %

OTCMKTS:NSRGY opened at $85.00 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $113.67. The stock’s 50-day moving average price is $83.39 and its 200-day moving average price is $93.11.

Analysts Set New Price Targets

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

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.