North Star Asset Management Inc. Makes New Investment in Nestle SA $NSRGY

North Star Asset Management Inc. acquired a new stake in Nestle SA (OTCMKTS:NSRGY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,550 shares of the company’s stock, valued at approximately $775,000.

A number of other hedge funds also recently made changes to their positions in the business. Resources Management Corp CT ADV increased its holdings in shares of Nestle by 2,727.9% during the 3rd quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock worth $5,969,000 after acquiring an additional 62,742 shares during the last quarter. Opal Capital LLC bought a new stake in Nestle in the 1st quarter valued at $3,398,000. Somerville Kurt F acquired a new stake in Nestle during the 2nd quarter valued at $2,071,000. Elefante Mark B acquired a new stake in Nestle during the 2nd quarter valued at $825,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Nestle during the first quarter worth $662,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Nestle Stock Up 0.1%

Shares of NSRGY stock opened at $97.28 on Friday. Nestle SA has a 1 year low of $88.47 and a 1 year high of $109.59. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $101.11 and a 200 day simple moving average of $100.70.

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.