Osborn Williams & Donohoe LLC purchased a new stake in shares of NESTLE S A/S (OTCMKTS:NSRGY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 32,922 shares of the company’s stock, valued at approximately $3,404,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its position in NESTLE S A/S by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 2,562,995 shares of the company’s stock worth $244,305,000 after buying an additional 84,505 shares during the last quarter. Azimuth Capital Management LLC grew its position in NESTLE S A/S by 760.6% in the first quarter. Azimuth Capital Management LLC now owns 28,400 shares of the company’s stock worth $2,706,000 after buying an additional 25,100 shares during the last quarter. Hemenway Trust Co LLC grew its position in NESTLE S A/S by 12.4% during the 1st quarter. Hemenway Trust Co LLC now owns 181,241 shares of the company’s stock worth $17,275,000 after purchasing an additional 19,973 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in NESTLE S A/S by 1.4% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 802,826 shares of the company’s stock worth $83,012,000 after purchasing an additional 10,883 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in NESTLE S A/S by 26.1% during the 1st quarter. Quadrant Capital Group LLC now owns 31,368 shares of the company’s stock worth $2,971,000 after purchasing an additional 6,497 shares in the last quarter. 1.35% of the stock is currently owned by institutional investors.
NSRGY has been the subject of several analyst reports. Barclays initiated coverage on shares of NESTLE S A/S in a research note on Wednesday, April 10th. They issued an “overweight” rating for the company. Zacks Investment Research raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research note on Friday, July 5th. Finally, HSBC initiated coverage on shares of NESTLE S A/S in a research note on Thursday, June 27th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. NESTLE S A/S presently has an average rating of “Buy” and an average target price of $108.00.
NESTLE S A/S stock traded up $1.83 during trading hours on Wednesday, hitting $107.32. 124,026 shares of the stock were exchanged, compared to its average volume of 365,705. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $328.40 billion, a PE ratio of 31.85, a P/E/G ratio of 2.64 and a beta of 0.47. NESTLE S A/S has a 12 month low of $78.62 and a 12 month high of $108.90. The stock has a 50-day moving average of $104.13.
NESTLE S A/S Company 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.
Recommended Story: How to trade on quiet period expirations
Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NESTLE S A/S (OTCMKTS:NSRGY).
Receive News & Ratings for NESTLE S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTLE S A/S and related companies with MarketBeat.com's FREE daily email newsletter.