Accent Capital Management LLC purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGY – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,086 shares of the company’s stock, valued at approximately $241,000.
Several other institutional investors have also bought and sold shares of NSRGY. Rhumbline Advisers lifted its holdings in Nestlé by 6.4% during the 3rd quarter. Rhumbline Advisers now owns 54,964 shares of the company’s stock valued at $6,220,000 after purchasing an additional 3,295 shares during the last quarter. Azimuth Capital Investment Management LLC raised its stake in shares of Nestlé by 2.9% in the third quarter. Azimuth Capital Investment Management LLC now owns 35,231 shares of the company’s stock valued at $3,995,000 after acquiring an additional 1,000 shares during the last quarter. Rodgers Brothers Inc. raised its stake in shares of Nestlé by 11.7% in the third quarter. Rodgers Brothers Inc. now owns 9,518 shares of the company’s stock valued at $1,079,000 after acquiring an additional 1,000 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of Nestlé in the 3rd quarter worth approximately $82,000. Finally, Kidder Stephen W grew its position in Nestlé by 1.7% during the 3rd quarter. Kidder Stephen W now owns 74,496 shares of the company’s stock worth $8,431,000 after acquiring an additional 1,235 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.
Nestlé Price Performance
NSRGY stock traded up $0.21 during trading on Monday, hitting $106.96. The company had a trading volume of 312,785 shares, compared to its average volume of 693,094. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a 50-day moving average price of $103.82 and a 200-day moving average price of $108.20. Nestlé S.A. has a 12 month low of $99.04 and a 12 month high of $125.41.
Wall Street Analysts Forecast Growth
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About Nestlé
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.
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