Forbes J M & Co. LLP cut its position in Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,245 shares of the company’s stock after selling 665 shares during the quarter. Nestlé makes up about 1.5% of Forbes J M & Co. LLP’s holdings, making the stock its 29th biggest position. Forbes J M & Co. LLP’s holdings in Nestlé were worth $11,741,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in Nestlé by 3.7% during the first quarter. Fisher Asset Management LLC now owns 5,008,367 shares of the company’s stock valued at $654,176,000 after purchasing an additional 176,512 shares during the period. Motley Fool Wealth Management LLC acquired a new position in shares of Nestlé in the fourth quarter valued at about $11,050,000. Cullen Capital Management LLC lifted its position in Nestlé by 19.3% during the first quarter. Cullen Capital Management LLC now owns 456,548 shares of the company’s stock worth $59,397,000 after purchasing an additional 73,977 shares during the period. Academy Capital Management Inc. TX lifted its holdings in shares of Nestlé by 9.5% in the fourth quarter. Academy Capital Management Inc. TX now owns 172,545 shares of the company’s stock worth $24,220,000 after acquiring an additional 15,018 shares during the last quarter. Finally, Palladium Partners LLC bought a new position in Nestlé in the 4th quarter valued at approximately $1,594,000. 0.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NSRGY has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of Nestlé from CHF 98 to CHF 100 and gave the company a “sector perform” rating in a research report on Friday, July 29th. Berenberg Bank reduced their price target on Nestlé from CHF 139 to CHF 128 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. UBS Group upped their price target on Nestlé from CHF 140 to CHF 142 in a report on Monday, August 1st. Sanford C. Bernstein downgraded Nestlé from an “outperform” rating to a “market perform” rating in a report on Thursday, May 19th. Finally, Societe Generale cut their target price on Nestlé from CHF 135 to CHF 123 in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Nestlé presently has an average rating of “Moderate Buy” and a consensus target price of $128.29.
Nestlé Trading Down 1.4 %
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
- Get a free copy of the StockNews.com research report on Nestlé (NSRGY)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Nestlé Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestlé and related companies with MarketBeat.com's FREE daily email newsletter.