Moloney Securities Asset Management LLC Buys Shares of 4,700 Nestle SA $NSRGY

Moloney Securities Asset Management LLC bought a new stake in Nestle SA (OTCMKTS:NSRGY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,700 shares of the company’s stock, valued at approximately $465,000.

Several other large investors also recently added to or reduced their stakes in NSRGY. Core Alternative Capital purchased a new stake in Nestle in the 1st quarter valued at $29,000. First Horizon Advisors Inc. grew its holdings in Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock valued at $45,000 after buying an additional 312 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Nestle during the 1st quarter worth $227,000. Diversified Trust Co grew its holdings in shares of Nestle by 5.2% during the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company’s stock worth $343,000 after purchasing an additional 170 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Nestle by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company’s stock worth $405,000 after purchasing an additional 577 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Stock Performance

NSRGY opened at $100.41 on Friday. The stock’s 50-day moving average price is $93.93 and its 200 day moving average price is $98.20. Nestle SA has a 12-month low of $80.11 and a 12-month high of $109.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NSRGY. Jefferies Financial Group upgraded Nestle from an “underperform” rating to a “hold” rating in a report on Friday, August 1st. Morgan Stanley reiterated an “underweight” rating on shares of Nestle in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $91.00.

Nestle 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.