Elefante Mark B acquired a new stake in Nestle SA (OTCMKTS:NSRGY – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,030 shares of the company’s stock, valued at approximately $825,000.
A number of other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC boosted its position in shares of Nestle by 73.6% during the 1st quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock worth $34,000 after purchasing an additional 148 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Nestle in the 4th quarter valued at $47,000. Sfam LLC acquired a new position in Nestle during the 4th quarter worth about $74,000. Cascades Capital Asset Management LLC acquired a new position in Nestle in the 4th quarter valued at about $101,000. Finally, Lummis Asset Management LP boosted its stake in shares of Nestle by 6.9% in the fourth quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock valued at $177,000 after purchasing an additional 115 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NSRGY has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Erste Group Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.
Nestle Stock Performance
NSRGY opened at $99.58 on Monday. Nestle SA has a 52 week low of $88.47 and a 52 week high of $109.59. The business’s 50 day moving average is $101.12 and its two-hundred day moving average is $100.75. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40.
About Nestle
Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.
The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.
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