Murphy & Mullick Capital Management Corp Takes $49,000 Position in Nestlé S.A. (OTCMKTS:NSRGY)

Murphy & Mullick Capital Management Corp acquired a new position in Nestlé S.A. (OTCMKTS:NSRGY) in the fourth quarter, HoldingsChannel reports. The fund acquired 601 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group purchased a new position in shares of Nestlé in the 3rd quarter valued at $36,000. Thompson Investment Management Inc. purchased a new position in Nestlé in the fourth quarter valued at about $33,000. Flagship Wealth Advisors LLC purchased a new position in Nestlé in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Nestlé during the fourth quarter valued at about $45,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé in the 4th quarter valued at about $386,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Up 1.4 %

OTCMKTS:NSRGY opened at $101.81 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The firm has a fifty day simple moving average of $93.30 and a 200-day simple moving average of $91.77.

Wall Street Analyst Weigh In

Several research analysts recently commented on NSRGY shares. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Royal Bank of Canada downgraded Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.