Horrell Capital Management Inc. Buys 597 Shares of Nestle SA $NSRGY

Horrell Capital Management Inc. grew its stake in Nestle SA (OTCMKTS:NSRGY) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,427 shares of the company’s stock after acquiring an additional 597 shares during the period. Nestle accounts for 1.1% of Horrell Capital Management Inc.’s holdings, making the stock its 27th biggest holding. Horrell Capital Management Inc.’s holdings in Nestle were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of NSRGY. Corient IA LLC bought a new position in shares of Nestle during the 1st quarter worth $505,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Nestle by 114.9% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,269 shares of the company’s stock worth $918,000 after purchasing an additional 4,955 shares during the period. Rhumbline Advisers increased its holdings in Nestle by 6.7% during the first quarter. Rhumbline Advisers now owns 63,064 shares of the company’s stock valued at $6,380,000 after buying an additional 3,964 shares during the period. Mengis Capital Management Inc. raised its stake in Nestle by 25.5% in the first quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company’s stock worth $4,246,000 after buying an additional 8,520 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new stake in Nestle during the second quarter worth $465,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Stock Performance

Nestle stock opened at $101.78 on Wednesday. The business’s 50-day simple moving average is $95.16 and its two-hundred day simple moving average is $97.52. 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 fifty-two week low of $80.11 and a fifty-two week high of $109.31.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NSRGY. Berenberg Bank raised Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research note on Monday, October 6th. Finally, Jefferies Financial Group raised Nestle from an “underperform” rating to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.00.

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.