Azimuth Capital Management LLC boosted its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 760.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,400 shares of the company’s stock after purchasing an additional 25,100 shares during the quarter. Azimuth Capital Management LLC’s holdings in NESTLE S A/S were worth $2,706,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in NSRGY. Vigilant Capital Management LLC raised its stake in NESTLE S A/S by 73.3% during the first quarter. Vigilant Capital Management LLC now owns 674 shares of the company’s stock valued at $64,000 after purchasing an additional 285 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in NESTLE S A/S during the first quarter valued at $210,000. Moloney Securities Asset Management LLC purchased a new stake in NESTLE S A/S during the fourth quarter valued at $216,000. Karpas Strategies LLC purchased a new stake in NESTLE S A/S during the first quarter valued at $217,000. Finally, Heritage Wealth Advisors raised its stake in NESTLE S A/S by 66.9% during the first quarter. Heritage Wealth Advisors now owns 2,495 shares of the company’s stock valued at $238,000 after purchasing an additional 1,000 shares in the last quarter. 1.35% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on NSRGY. Zacks Investment Research raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Wednesday, May 1st. Bank of America began coverage on shares of NESTLE S A/S in a research note on Friday, April 5th. They issued a “buy” rating on the stock. Finally, Barclays began coverage on shares of NESTLE S A/S in a research note on Wednesday, April 10th. They issued an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. NESTLE S A/S presently has an average rating of “Buy” and an average target price of $107.00.
NSRGY stock traded down $0.45 during trading on Wednesday, hitting $102.69. The company had a trading volume of 375,684 shares, compared to its average volume of 462,683. The stock has a market cap of $314.23 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 2.66 and a beta of 0.47. NESTLE S A/S has a 52-week low of $75.56 and a 52-week high of $104.38. The firm has a 50 day moving average of $99.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.74.
NESTLE S A/S Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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