Flagship Wealth Advisors LLC Buys New Shares in Nestlé S.A. (OTCMKTS:NSRGY)

Flagship Wealth Advisors LLC bought a new stake in Nestlé S.A. (OTCMKTS:NSRGY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 400 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC lifted its holdings in Nestlé by 2.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after buying an additional 24,826 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after buying an additional 10,523 shares during the last quarter. Altrius Capital Management Inc lifted its holdings in Nestlé by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after buying an additional 9,381 shares during the last quarter. Saybrook Capital NC lifted its holdings in Nestlé by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock worth $6,188,000 after buying an additional 12,340 shares during the last quarter. Finally, Sustainable Growth Advisers LP lifted its holdings in Nestlé by 60.2% during the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after buying an additional 28,040 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestlé Trading Up 0.7 %

Shares of NSRGY stock opened at $103.46 on Wednesday. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $110.46. The stock’s 50-day moving average price is $90.43 and its 200 day moving average price is $91.75. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

Analysts Set New Price Targets

A number of brokerages have issued reports on NSRGY. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.