2,593 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Bought by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. acquired a new stake in Nestlé S.A. (OTCMKTS:NSRGY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,593 shares of the company’s stock, valued at approximately $265,000.

A number of other large investors have also modified their holdings of the company. Cullen Investment Group LTD. acquired a new position in shares of Nestlé during the 4th quarter worth approximately $1,074,000. Wetzel Investment Advisors Inc. purchased a new position in Nestlé during the fourth quarter valued at $69,000. Kornitzer Capital Management Inc. KS grew its position in shares of Nestlé by 198.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock valued at $9,636,000 after purchasing an additional 55,298 shares during the period. OLD National Bancorp IN increased its stake in shares of Nestlé by 24.5% during the fourth quarter. OLD National Bancorp IN now owns 3,653 shares of the company’s stock worth $423,000 after purchasing an additional 720 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Nestlé during the 4th quarter worth about $265,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nestlé Stock Performance

Shares of NSRGY stock opened at $102.55 on Wednesday. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $105.24. Nestlé S.A. has a 1-year low of $99.02 and a 1-year high of $122.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Nestlé Company 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.