Elefante Mark B Buys New Holdings in Nestle SA $NSRGY

Elefante Mark B acquired a new stake in shares of Nestle SA (OTCMKTS:NSRGY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,030 shares of the company’s stock, valued at approximately $825,000.

Other institutional investors have also recently made changes to their positions in the company. Lummis Asset Management LP raised its stake in shares of Nestle by 6.9% during the 4th quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock valued at $177,000 after buying an additional 115 shares during the last quarter. Accent Capital Management LLC grew its stake in shares of Nestle by 5.1% during the 4th quarter. Accent Capital Management LLC now owns 2,465 shares of the company’s stock worth $243,000 after purchasing an additional 120 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Nestle by 73.6% in the 1st quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock valued at $34,000 after purchasing an additional 148 shares during the period. PNC Financial Services Group Inc. increased its holdings in Nestle by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,491 shares of the company’s stock valued at $247,000 after buying an additional 156 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Nestle by 9.0% during the 4th quarter. IHT Wealth Management LLC now owns 2,836 shares of the company’s stock worth $280,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestle Price Performance

Shares of NSRGY stock opened at $99.58 on Monday. The firm’s 50-day moving average is $101.12 and its two-hundred day moving average is $100.75. Nestle SA has a 12 month low of $88.47 and a 12 month high of $109.59. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Jefferies Financial Group upgraded Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Finally, Erste Group Bank raised shares of Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.