Vestor Capital LLC bought a new stake in Nestlé S.A. (OTCMKTS:NSRGY – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 300 shares of the company’s stock, valued at approximately $133,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC grew its holdings in shares of Nestlé by 150.0% in the 1st quarter. Strengthening Families & Communities LLC now owns 250 shares of the company’s stock valued at $31,000 after buying an additional 150 shares during the period. Manitou Investment Management Ltd. bought a new position in Nestlé during the first quarter worth about $42,000. First Horizon Advisors Inc. grew its stake in Nestlé by 29.1% in the second quarter. First Horizon Advisors Inc. now owns 390 shares of the company’s stock valued at $47,000 after acquiring an additional 88 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Nestlé in the first quarter worth about $73,000. Finally, Tradition Wealth Management LLC raised its position in shares of Nestlé by 790.0% during the first quarter. Tradition Wealth Management LLC now owns 1,780 shares of the company’s stock worth $217,000 after purchasing an additional 1,580 shares during the period. Institutional investors own 0.97% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. HSBC raised shares of Nestlé from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Societe Generale upgraded Nestlé from a “sell” rating to a “hold” rating in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $124.00.
Nestlé Stock Performance
Shares of OTCMKTS NSRGY opened at $111.54 on Wednesday. Nestlé S.A. has a twelve month low of $106.81 and a twelve month high of $131.64. The business’s 50 day moving average price is $113.11 and its two-hundred day moving average price is $118.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.83 and a quick ratio of 0.46.
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, Nestle L'atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.
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