Cary Street Partners Asset Management LLC Takes Position in Nestlé S.A. (OTCMKTS:NSRGY)

Cary Street Partners Asset Management LLC bought a new stake in Nestlé S.A. (OTCMKTS:NSRGY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,005 shares of the company’s stock, valued at approximately $602,000.

Several other institutional investors also recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Nestlé by 29.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,541 shares of the company’s stock worth $306,000 after purchasing an additional 573 shares during the period. Vestor Capital LLC purchased a new position in shares of Nestlé in the second quarter worth about $133,000. Fisher Asset Management LLC lifted its stake in shares of Nestlé by 2.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,510,542 shares of the company’s stock valued at $662,756,000 after buying an additional 106,245 shares in the last quarter. Rhumbline Advisers purchased a new position in Nestlé in the 2nd quarter valued at approximately $6,218,000. Finally, Sustainable Growth Advisers LP raised its holdings in Nestlé by 9.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 46,527 shares of the company’s stock valued at $5,600,000 after acquiring an additional 4,115 shares during the period. 0.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSRGY shares. Societe Generale upgraded Nestlé from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. HSBC upgraded Nestlé from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Nestlé has an average rating of “Hold” and an average target price of $124.00.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY traded up $0.48 during midday trading on Friday, hitting $111.35. The stock had a trading volume of 573,455 shares, compared to its average volume of 360,913. The business’s 50 day moving average is $112.75 and its 200-day moving average is $118.42. Nestlé S.A. has a 52 week low of $106.81 and a 52 week high of $131.64. The company has a current ratio of 0.83, a quick ratio of 0.46 and a debt-to-equity ratio of 1.24.

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, Nestle L'atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.