Hantz Financial Services Inc. raised its position in shares of Nestlé S.A. (OTCMKTS:NSRGY – Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,265 shares of the company’s stock after buying an additional 3,787 shares during the period. Hantz Financial Services Inc.’s holdings in Nestlé were worth $9,792,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Nestlé by 0.5% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,096 shares of the company’s stock valued at $2,459,000 after acquiring an additional 113 shares in the last quarter. Canopy Partners LLC raised its position in Nestlé by 3.0% in the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares during the last quarter. Studio Investment Management LLC boosted its position in Nestlé by 5.1% in the 2nd quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock valued at $377,000 after buying an additional 180 shares during the last quarter. Kanawha Capital Management LLC increased its stake in shares of Nestlé by 4.0% in the 2nd quarter. Kanawha Capital Management LLC now owns 6,072 shares of the company’s stock valued at $622,000 after buying an additional 231 shares during the period. Finally, Vaughan David Investments LLC IL raised its position in shares of Nestlé by 12.4% during the second quarter. Vaughan David Investments LLC IL now owns 2,727 shares of the company’s stock worth $279,000 after acquiring an additional 300 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Finally, Barclays reissued an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Nestlé Trading Up 0.5 %
NSRGY opened at $86.78 on Friday. The firm’s fifty day moving average is $94.13 and its two-hundred day moving average is $100.64. Nestlé S.A. has a twelve month low of $85.01 and a twelve month high of $117.55.
Nestlé 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.
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