FARMERS & MERCHANTS TRUST Co OF LONG BEACH Boosts Stock Position in Nestle SA $NSRGY

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Nestle SA (OTCMKTS:NSRGY) by 114.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,269 shares of the company’s stock after buying an additional 4,955 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Nestle were worth $918,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Core Alternative Capital purchased a new position in shares of Nestle during the first quarter worth about $29,000. First Horizon Advisors Inc. grew its holdings in shares of Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock worth $45,000 after purchasing an additional 312 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Nestle during the first quarter worth about $95,000. Sawyer & Company Inc purchased a new position in shares of Nestle during the first quarter worth about $132,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of Nestle during the first quarter worth about $223,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Trading Up 0.5%

OTCMKTS NSRGY opened at $89.13 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. Nestle SA has a 52-week low of $80.11 and a 52-week high of $109.31. The business’s 50-day moving average price is $91.46 and its 200 day moving average price is $98.83.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $91.00.

Nestle 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.