Moloney Securities Asset Management LLC Purchases Shares of 4,700 Nestle SA $NSRGY

Moloney Securities Asset Management LLC purchased a new stake in Nestle SA (OTCMKTS:NSRGY) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,700 shares of the company’s stock, valued at approximately $465,000.

Other hedge funds also recently bought and sold shares of the company. Core Alternative Capital acquired a new stake in Nestle in the 1st quarter valued at about $29,000. First Horizon Advisors Inc. raised its position in Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock valued at $45,000 after purchasing an additional 312 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Nestle in the 1st quarter valued at about $227,000. Diversified Trust Co raised its position in Nestle by 5.2% in the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock valued at $343,000 after purchasing an additional 170 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Nestle by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company’s stock valued at $405,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research report on Monday, October 6th. Jefferies Financial Group upgraded 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, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nestle currently has a consensus rating of “Hold” and an average target price of $91.00.

Nestle Stock Performance

NSRGY opened at $100.41 on Friday. The business’s 50-day simple moving average is $93.93 and its 200-day simple moving average is $98.20. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62. Nestle SA has a one year low of $80.11 and a one year high of $109.31.

About Nestle

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.