GAMMA Investing LLC Makes New $265,000 Investment in Nestlé S.A. (OTCMKTS:NSRGY)

GAMMA Investing LLC purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,327 shares of the company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NSRGY. First Horizon Advisors Inc. boosted its holdings in Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 120 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Nestlé in the fourth quarter valued at $69,000. Operose Advisors LLC purchased a new position in Nestlé in the third quarter valued at $82,000. Wesbanco Bank Inc. boosted its holdings in Nestlé by 11.5% in the third quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock valued at $239,000 after purchasing an additional 218 shares during the period. Finally, Enterprise Financial Services Corp boosted its holdings in Nestlé by 7.7% in the third quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock valued at $247,000 after purchasing an additional 156 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. BNP Paribas lowered Nestlé from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.00.

Nestlé Stock Performance

NSRGY opened at $101.43 on Friday. Nestlé S.A. has a 12-month low of $99.04 and a 12-month high of $131.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. The business’s fifty day simple moving average is $105.35 and its 200-day simple moving average is $110.09.

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.