First Horizon Advisors Inc. Buys 114 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

First Horizon Advisors Inc. boosted its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 22.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 624 shares of the company’s stock after purchasing an additional 114 shares during the period. First Horizon Advisors Inc.’s holdings in Nestlé were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC raised its holdings in shares of Nestlé by 24.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,632 shares of the company’s stock worth $297,000 after purchasing an additional 522 shares during the period. NBT Bank N A NY bought a new stake in shares of Nestlé in the third quarter valued at $1,534,000. Ramsay Stattman Vela & Price Inc. lifted its position in shares of Nestlé by 1.1% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 73,814 shares of the company’s stock valued at $8,354,000 after buying an additional 770 shares during the last quarter. Altrius Capital Management Inc grew its stake in shares of Nestlé by 1.3% during the 3rd quarter. Altrius Capital Management Inc now owns 53,572 shares of the company’s stock worth $6,063,000 after acquiring an additional 673 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Nestlé by 770.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 27,875 shares of the company’s stock worth $3,161,000 after acquiring an additional 24,674 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Price Performance

Shares of OTCMKTS NSRGY opened at $101.20 on Wednesday. The stock’s 50-day moving average is $104.02 and its 200 day moving average is $109.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé S.A. has a 1-year low of $99.04 and a 1-year high of $130.98.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NSRGY shares. BNP Paribas lowered shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.00.

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.