Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in shares of NESTLE S A/S (OTCMKTS:NSRGY) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,200 shares of the company’s stock, valued at approximately $210,000.
Several other large investors also recently bought and sold shares of the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in NESTLE S A/S during the 4th quarter worth approximately $243,000. Quadrant Capital Group LLC raised its holdings in shares of NESTLE S A/S by 100.4% in the 4th quarter. Quadrant Capital Group LLC now owns 24,871 shares of the company’s stock valued at $1,996,000 after purchasing an additional 12,458 shares in the last quarter. Lodestar Investment Counsel LLC IL raised its holdings in shares of NESTLE S A/S by 1.3% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 316,715 shares of the company’s stock valued at $25,641,000 after purchasing an additional 4,015 shares in the last quarter. First National Bank of Omaha raised its holdings in shares of NESTLE S A/S by 5.4% in the 4th quarter. First National Bank of Omaha now owns 107,826 shares of the company’s stock valued at $8,729,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Bartlett & Co. LLC raised its holdings in shares of NESTLE S A/S by 0.4% in the 4th quarter. Bartlett & Co. LLC now owns 60,904 shares of the company’s stock valued at $4,931,000 after purchasing an additional 213 shares in the last quarter. 1.38% of the stock is owned by hedge funds and other institutional investors.
Shares of OTCMKTS NSRGY traded down $0.40 during mid-day trading on Friday, reaching $98.95. The company had a trading volume of 61,304 shares, compared to its average volume of 532,623. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.74. The company has a market capitalization of $302.56 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.54. NESTLE S A/S has a 52-week low of $73.59 and a 52-week high of $99.46.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of NESTLE S A/S from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, May 1st. Barclays assumed coverage on shares of NESTLE S A/S in a report on Wednesday, April 10th. They issued an “overweight” rating on the stock. Bank of America began coverage on shares of NESTLE S A/S in a report on Friday, April 5th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada downgraded shares of NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 19th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $103.50.
NESTLE S A/S 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.
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