Waldron Private Wealth LLC Acquires Shares of 2,681 Nestlé S.A. (OTCMKTS:NSRGY)

Waldron Private Wealth LLC purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,681 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé during the 2nd quarter worth $134,000. Vestor Capital LLC grew its position in Nestlé by 242.9% in the fourth quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock worth $154,000 after acquiring an additional 945 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in Nestlé during the first quarter valued at about $220,000. Finally, Accent Capital Management LLC bought a new stake in Nestlé during the fourth quarter worth about $241,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NSRGY. UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Berenberg Bank lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Jefferies Financial Group raised shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. downgraded shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Nestlé has a consensus rating of “Hold”.

Nestlé Price Performance

Shares of NSRGY stock opened at $106.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average price is $103.51 and its 200-day moving average price is $104.50. Nestlé S.A. has a fifty-two week low of $99.02 and a fifty-two week high of $121.80.

Nestlé 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.