Hantz Financial Services Inc. Purchases New Shares in Nestlé S.A. (OTCMKTS:NSRGY)

Hantz Financial Services Inc. bought a new stake in Nestlé S.A. (OTCMKTS:NSRGY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 93,478 shares of the company’s stock, valued at approximately $9,577,000.

Several other institutional investors have also modified their holdings of NSRGY. First Horizon Advisors Inc. lifted its stake in shares of Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after buying an additional 114 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Nestlé in the 2nd quarter valued at approximately $134,000. Vestor Capital LLC raised its stake in shares of Nestlé by 242.9% in the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after acquiring an additional 945 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Nestlé in the 1st quarter valued at approximately $220,000. Finally, Accent Capital Management LLC acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NSRGY. Berenberg Bank cut shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. UBS Group downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nestlé Trading Down 0.5 %

Shares of Nestlé stock opened at $106.92 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. Nestlé S.A. has a one year low of $99.02 and a one year high of $121.80. The firm has a fifty day moving average of $103.51 and a two-hundred day moving average of $104.56.

About Nestlé

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.