Moloney Securities Asset Management LLC Buys Shares of 4,700 Nestle SA $NSRGY

Key Points

• Moloney Securities Asset Management LLC acquired 4,700 shares of Nestlé SA, valued at approximately $465,000 during the 2nd quarter of the year.
• Recent updates from analysts show a mix of ratings for Nestlé stock, with one analyst giving it a Strong Buy rating and others a mix of Hold and Sell ratings; the consensus rating remains at "Hold".
• Nestlé's stock has shown volatility, with a 12-month low of $80.11 and a high of $109.31, currently trading at around $100.41.

Moloney Securities Asset Management LLC bought a new stake in Nestle SA (OTCMKTS:NSRGY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,700 shares of the company's stock, valued at approximately $465,000.

Several other large investors also recently added to or reduced their stakes in NSRGY. Core Alternative Capital purchased a new stake in Nestle in the 1st quarter valued at $29,000. First Horizon Advisors Inc. grew its holdings in Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after buying an additional 312 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Nestle during the 1st quarter worth $227,000. Diversified Trust Co grew its holdings in shares of Nestle by 5.2% during the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company's stock worth $343,000 after purchasing an additional 170 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Nestle by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,001 shares of the company's stock worth $405,000 after purchasing an additional 577 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Nestle Stock Performance

NSRGY opened at $100.41 on Friday. The stock's 50-day moving average price is $93.93 and its 200 day moving average price is $98.20. Nestle SA has a 12-month low of $80.11 and a 12-month high of $109.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.41.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NSRGY. Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a report on Friday, August 1st. Morgan Stanley reiterated an "underweight" rating on shares of Nestle in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.

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