Altrius Capital Management Inc Buys 1,603 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Altrius Capital Management Inc raised its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,306 shares of the company’s stock after purchasing an additional 1,603 shares during the period. Nestlé accounts for 1.7% of Altrius Capital Management Inc’s portfolio, making the stock its 23rd largest position. Altrius Capital Management Inc’s holdings in Nestlé were worth $6,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NSRGY. Mengis Capital Management Inc. raised its stake in shares of Nestlé by 304.3% in the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after acquiring an additional 16,671 shares during the period. Councilmark Asset Management LLC bought a new position in Nestlé during the 1st quarter worth about $640,000. ORG Partners LLC boosted its holdings in shares of Nestlé by 225.7% in the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company’s stock valued at $876,000 after buying an additional 6,032 shares in the last quarter. Saybrook Capital NC boosted its holdings in shares of Nestlé by 11.9% in the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares in the last quarter. Finally, Wedgewood Investors Inc. PA bought a new stake in shares of Nestlé in the 2nd quarter valued at about $277,000. Institutional investors own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NSRGY. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nestlé Stock Up 0.3 %

Shares of NSRGY stock traded up $0.26 during trading hours on Friday, reaching $87.91. 1,124,716 shares of the stock were exchanged, compared to its average volume of 1,098,622. The business’s fifty day moving average is $97.64 and its two-hundred day moving average is $101.84. Nestlé S.A. has a 12-month low of $87.22 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.