Cullen Investment Group LTD. Buys New Position in Nestlé S.A. (OTCMKTS:NSRGY)

Cullen Investment Group LTD. purchased a new position in Nestlé S.A. (OTCMKTS:NSRGY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,266 shares of the company’s stock, valued at approximately $1,074,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSRGY. Ramirez Asset Management Inc. bought a new position in Nestlé in the third quarter worth approximately $3,572,000. Beach Investment Counsel Inc. PA lifted its holdings in shares of Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after purchasing an additional 25,203 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Nestlé by 770.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 27,875 shares of the company’s stock valued at $3,161,000 after purchasing an additional 24,674 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Nestlé in the first quarter valued at approximately $2,917,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in shares of Nestlé in the fourth quarter valued at approximately $2,477,000. Institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

NSRGY has been the topic of a number of recent research reports. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas downgraded Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $153.00.

Nestlé Price Performance

Nestlé stock opened at $100.95 on Tuesday. Nestlé S.A. has a one year low of $100.92 and a one year high of $131.64. The business has a fifty day moving average price of $106.70 and a 200-day moving average price of $110.60. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

About Nestlé

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.