Corient IA LLC Acquires Shares of 5,000 Nestle SA $NSRGY

Key Points

• Corient IA LLC acquired 5,000 shares of Nestle SA, valued at approximately $505,000, marking a new position during the first quarter according to their SEC filing.
• Jefferies Financial Group upgraded Nestle's rating from "underperform" to "hold", while the stock has received a mix of ratings including one strong buy, one sell, and five holds.
• The current stock price for Nestle is $89.84, with a twelve-month range between $80.11 and $109.31, indicating fluctuations in its market performance.

Corient IA LLC acquired a new position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,000 shares of the company's stock, valued at approximately $505,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Alternative Capital acquired a new stake in shares of Nestle during the 1st quarter worth approximately $29,000. Ameriflex Group Inc. acquired a new stake in shares of Nestle during the 4th quarter worth approximately $26,000. First Horizon Advisors Inc. grew its stake in shares of Nestle by 232.8% during the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock worth $45,000 after purchasing an additional 312 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Nestle during the 1st quarter worth approximately $95,000. Finally, Sawyer & Company Inc acquired a new stake in shares of Nestle during the 1st quarter worth approximately $132,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestle Stock Performance

Shares of OTCMKTS:NSRGY traded up $0.4495 during midday trading on Friday, reaching $94.0595. 1,373,071 shares of the company's stock traded hands, compared to its average volume of 682,426. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $95.14 and a two-hundred day simple moving average of $99.15.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $91.00.

Nestle 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.