Altrius Capital Management Inc Purchases 2,753 Shares of Nestle SA (OTCMKTS:NSRGY)

Altrius Capital Management Inc lifted its position in shares of Nestle SA (OTCMKTS:NSRGY) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,440 shares of the company’s stock after purchasing an additional 2,753 shares during the period. Nestle accounts for approximately 2.0% of Altrius Capital Management Inc’s investment portfolio, making the stock its 12th biggest holding. Altrius Capital Management Inc’s holdings in Nestle were worth $8,239,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Sawyer & Company Inc bought a new position in shares of Nestle during the first quarter worth approximately $132,000. ORG Wealth Partners LLC bought a new position in shares of Nestle during the first quarter worth approximately $95,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of Nestle during the first quarter worth approximately $223,000. GAMMA Investing LLC increased its stake in Nestle by 136.4% during the 1st quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $418,000 after acquiring an additional 2,382 shares during the period. Finally, Douglas Lane & Associates LLC lifted its position in shares of Nestle by 11.4% during the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company’s stock valued at $99,294,000 after acquiring an additional 100,767 shares during the period. Institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NSRGY. BNP Paribas cut Nestle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Morgan Stanley cut Nestle from an “equal weight” rating to an “underweight” rating and set a $91.00 price target on the stock. in a research report on Friday, April 4th. Finally, Royal Bank Of Canada cut Nestle from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Nestle Price Performance

Shares of NSRGY stock opened at $99.43 on Friday. The business’s 50-day moving average price is $105.09 and its 200-day moving average price is $95.82. Nestle SA has a 12 month low of $80.11 and a 12 month high of $109.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51.

Nestle Company 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.