Nestle SA $NSRGY Holdings Increased by Altrius Capital Management Inc

Altrius Capital Management Inc increased its stake in Nestle SA (OTCMKTS:NSRGY) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,028 shares of the company’s stock after acquiring an additional 8,433 shares during the period. Nestle makes up approximately 1.9% of Altrius Capital Management Inc’s investment portfolio, making the stock its 23rd biggest position. Altrius Capital Management Inc’s holdings in Nestle were worth $8,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Strengthening Families & Communities LLC acquired a new stake in Nestle in the third quarter worth approximately $31,000. First Horizon Advisors Inc. raised its stake in shares of Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company’s stock worth $61,000 after buying an additional 167 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Nestle by 412.6% in the third quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock valued at $87,000 after buying an additional 751 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Nestle in the third quarter valued at $125,000. Finally, IHT Wealth Management LLC bought a new position in Nestle during the second quarter valued at about $213,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Price Performance

Shares of OTCMKTS NSRGY opened at $100.39 on Thursday. The stock’s fifty day simple moving average is $96.73 and its 200 day simple moving average is $95.24. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71. Nestle SA has a 52-week low of $84.72 and a 52-week high of $109.31.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Nestle from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.00.

About Nestle

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.