Altrius Capital Management Inc Raises Stock Holdings in Nestle SA (OTCMKTS:NSRGY)

Altrius Capital Management Inc increased its stake in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 81,440 shares of the company's stock after purchasing an additional 2,753 shares during the quarter. Nestle accounts for 2.0% of Altrius Capital Management Inc's holdings, making the stock its 12th biggest holding. Altrius Capital Management Inc's holdings in Nestle were worth $8,239,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Nestle by 23,819.2% in the 1st quarter. GAMMA Investing LLC now owns 417,630 shares of the company's stock valued at $42,252,000 after acquiring an additional 415,884 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Nestle by 11.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company's stock valued at $99,294,000 after acquiring an additional 100,767 shares during the last quarter. Sustainable Growth Advisers LP grew its position in Nestle by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock valued at $6,097,000 after acquiring an additional 28,040 shares during the last quarter. Ramirez Asset Management Inc. grew its position in Nestle by 5,901.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 25,026 shares of the company's stock valued at $2,068,000 after acquiring an additional 24,609 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Nestle in the 4th quarter valued at $1,932,000. Institutional investors own 0.61% of the company's stock.

Nestle Stock Up 1.1%

Shares of OTCMKTS NSRGY traded up $1.14 during mid-day trading on Monday, reaching $100.57. 272,954 shares of the company were exchanged, compared to its average volume of 610,411. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The firm has a 50-day moving average of $105.09 and a 200 day moving average of $95.88.

Analysts Set New Price Targets

NSRGY has been the subject of several research reports. BNP Paribas cut Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley cut Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 target price for the company. in a report on Friday, April 4th. Finally, Royal Bank Of Canada cut Nestle from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $91.00.

About Nestle

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.