Altrius Capital Management Inc Purchases 1,624 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Altrius Capital Management Inc lifted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,196 shares of the company’s stock after purchasing an additional 1,624 shares during the quarter. Nestlé accounts for about 1.8% of Altrius Capital Management Inc’s portfolio, making the stock its 20th largest position. Altrius Capital Management Inc’s holdings in Nestlé were worth $6,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in shares of Nestlé by 30.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $58,000 after buying an additional 120 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Nestlé in the fourth quarter valued at approximately $69,000. Operose Advisors LLC acquired a new stake in Nestlé during the 3rd quarter valued at approximately $82,000. Wesbanco Bank Inc. raised its holdings in Nestlé by 11.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock worth $239,000 after purchasing an additional 218 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in shares of Nestlé by 7.7% in the 3rd quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock valued at $247,000 after purchasing an additional 156 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NSRGY has been the topic of a number of research analyst reports. BNP Paribas downgraded Nestlé from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 9th. Royal Bank of Canada upgraded Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $153.00.

Nestlé Trading Up 0.3 %

Shares of Nestlé stock traded up $0.27 on Monday, reaching $101.61. The stock had a trading volume of 608,546 shares, compared to its average volume of 760,662. The business’s 50 day moving average is $105.17 and its two-hundred day moving average is $109.94. Nestlé S.A. has a 1 year low of $99.04 and a 1 year high of $131.64. 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.