Nestlé S.A. (OTCMKTS:NSRGY) Shares Purchased by Vigilant Capital Management LLC

Vigilant Capital Management LLC raised its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 194.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 850 shares of the company’s stock after buying an additional 561 shares during the period. Vigilant Capital Management LLC’s holdings in Nestlé were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Fisher Asset Management LLC raised its stake in shares of Nestlé by 3.7% during the second quarter. Fisher Asset Management LLC now owns 3,914,724 shares of the company’s stock valued at $432,725,000 after purchasing an additional 139,668 shares during the period. Bristol John W & Co. Inc. NY purchased a new stake in shares of Nestlé during the second quarter valued at approximately $92,838,000. Ancora Advisors LLC raised its stake in shares of Nestlé by 1.6% during the second quarter. Ancora Advisors LLC now owns 222,197 shares of the company’s stock valued at $24,561,000 after purchasing an additional 3,561 shares during the period. Hemenway Trust Co LLC raised its stake in shares of Nestlé by 1.0% during the second quarter. Hemenway Trust Co LLC now owns 188,721 shares of the company’s stock valued at $20,842,000 after purchasing an additional 1,936 shares during the period. Finally, First National Bank of Omaha raised its stake in shares of Nestlé by 2.9% during the second quarter. First National Bank of Omaha now owns 109,934 shares of the company’s stock valued at $12,151,000 after purchasing an additional 3,123 shares during the period. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

NSRGY stock opened at $117.66 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.75 and a quick ratio of 0.47. Nestlé S.A. has a 1-year low of $88.00 and a 1-year high of $122.63. The firm has a fifty day moving average price of $119.45 and a two-hundred day moving average price of $113.27. The firm has a market cap of $338.87 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 5.49 and a beta of 0.36.

A number of analysts have recently issued reports on NSRGY shares. HSBC upgraded shares of Nestlé from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Nestlé in a research note on Tuesday, August 4th. Piper Sandler lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Monday, August 31st. Zacks Investment Research lowered shares of Nestlé from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays restated an “overweight” rating on shares of Nestlé in a research note on Friday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $134.00.

Nestlé Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Institutional Ownership by Quarter for Nestlé (OTCMKTS:NSRGY)

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