Altrius Capital Management Inc Boosts Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Altrius Capital Management Inc grew its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 11.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,703 shares of the company’s stock after acquiring an additional 7,200 shares during the period. Nestlé comprises 1.8% of Altrius Capital Management Inc’s investment portfolio, making the stock its 22nd biggest position. Altrius Capital Management Inc’s holdings in Nestlé were worth $6,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NSRGY. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake 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 during the period. Partners Capital Investment Group LLP lifted its stake in shares of Nestlé by 5.1% during the 4th quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after buying an additional 115 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in Nestlé by 4.8% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock worth $330,000 after buying an additional 130 shares during the period. Horrell Capital Management Inc. grew its stake in Nestlé by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 29,371 shares of the company’s stock valued at $3,122,000 after buying an additional 147 shares in the last quarter. Finally, Violich Capital Management Inc. lifted its position in shares of Nestlé by 3.2% during the first quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock worth $541,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lowered Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Nestlé currently has a consensus rating of “Hold”.

Nestlé Price Performance

Shares of Nestlé stock opened at $101.22 on Thursday. The company has a 50 day simple moving average of $103.71 and a two-hundred day simple moving average of $104.14. Nestlé S.A. has a 1 year low of $99.02 and a 1 year high of $119.52. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26.

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.