Altrius Capital Management Inc lessened its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY – Free Report) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,899 shares of the company’s stock after selling 139 shares during the quarter. Nestlé makes up 1.9% of Altrius Capital Management Inc’s portfolio, making the stock its 18th biggest position. Altrius Capital Management Inc’s holdings in Nestlé were worth $6,367,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Strengthening Families & Communities LLC boosted its position in shares of Nestlé by 150.0% during the first quarter. Strengthening Families & Communities LLC now owns 250 shares of the company’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Manitou Investment Management Ltd. purchased a new stake in shares of Nestlé in the 1st quarter worth about $42,000. First Horizon Advisors Inc. increased its stake in shares of Nestlé by 29.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 390 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Nestlé during the 1st quarter valued at about $73,000. Finally, Vestor Capital LLC bought a new stake in Nestlé during the second quarter worth about $133,000. Institutional investors own 0.97% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on NSRGY shares. Societe Generale upgraded shares of Nestlé from a “sell” rating to a “hold” rating in a report on Monday, September 11th. HSBC raised Nestlé from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $124.00.
Nestlé Stock Up 0.4 %
OTCMKTS NSRGY traded up $0.48 during mid-day trading on Monday, reaching $111.35. The stock had a trading volume of 573,400 shares, compared to its average volume of 264,690. The company has a fifty day moving average price of $112.75 and a 200 day moving average price of $118.26. 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 S.A. has a 1 year low of $106.81 and a 1 year high of $131.64.
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.
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