3,635 Shares in Nestlé S.A. (OTCMKTS:NSRGY) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,635 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Nestlé by 0.5% in the second 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 last quarter. Pinnacle West Asset Management Inc. boosted its stake in shares of Nestlé by 4.8% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock valued at $330,000 after purchasing an additional 130 shares during the last quarter. Violich Capital Management Inc. increased 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 buying an additional 157 shares during the period. Studio Investment Management LLC raised its stake in Nestlé by 5.1% during the second quarter. Studio Investment Management LLC now owns 3,678 shares of the company’s stock worth $377,000 after buying an additional 180 shares during the last quarter. Finally, Kanawha Capital Management LLC lifted its holdings in Nestlé by 4.0% in the second 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. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NSRGY shares. UBS Group downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nestlé Stock Performance

Shares of NSRGY stock opened at $100.47 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a fifty day simple moving average of $102.73 and a two-hundred day simple moving average of $103.69. Nestlé S.A. has a 12 month low of $96.36 and a 12 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.