SVB Wealth LLC Buys New Stake in Nestlé S.A. (OTCMKTS:NSRGY)

SVB Wealth LLC purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,091 shares of the company’s stock, valued at approximately $906,000.

A number of other institutional investors also recently added to or reduced their stakes in NSRGY. Brooklyn Investment Group bought a new stake in shares of Nestlé in the 3rd quarter worth about $36,000. Thompson Investment Management Inc. acquired a new position in Nestlé in the fourth quarter valued at about $33,000. First Horizon Advisors Inc. grew its stake in Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $130,000 after buying an additional 922 shares during the last quarter. Studio Investment Management LLC increased its holdings in shares of Nestlé by 5.4% during the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after buying an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of Nestlé in the fourth quarter valued at approximately $386,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

NSRGY stock opened at $98.80 on Tuesday. The business has a fifty day moving average of $86.25 and a 200-day moving average of $92.04. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NSRGY shares. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Finally, BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nestlé 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.