Altrius Capital Management Inc Has $8.24 Million Stock Position in Nestle SA (OTCMKTS:NSRGY)

Altrius Capital Management Inc grew its position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,440 shares of the company's stock after acquiring an additional 2,753 shares during the quarter. Nestle comprises about 2.0% of Altrius Capital Management Inc's investment portfolio, making the stock its 12th largest holding. Altrius Capital Management Inc's holdings in Nestle were worth $8,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mengis Capital Management Inc. increased its position in Nestle by 51.0% in the 4th quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company's stock valued at $2,732,000 after acquiring an additional 11,295 shares during the period. SVB Wealth LLC bought a new stake in shares of Nestle during the fourth quarter valued at about $906,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Nestle during the fourth quarter valued at about $45,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Nestle in the fourth quarter worth about $1,932,000. Finally, Saybrook Capital NC increased its stake in Nestle by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after buying an additional 12,340 shares during the period. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestle Stock Down 2.9%

Shares of Nestle stock traded down $2.99 during trading on Wednesday, hitting $98.84. The stock had a trading volume of 246,986 shares, compared to its average volume of 620,648. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The stock has a 50 day simple moving average of $104.95 and a 200 day simple moving average of $96.03. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NSRGY shares. Royal Bank Of Canada lowered shares of Nestle from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. Morgan Stanley cut Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a research report on Friday, April 4th. Finally, BNP Paribas downgraded Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nestle presently has a consensus rating of "Hold" and an average target price of $91.00.

Nestle 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.