GAMMA Investing LLC Buys 415,884 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

GAMMA Investing LLC raised its stake in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 23,819.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 417,630 shares of the company's stock after acquiring an additional 415,884 shares during the period. GAMMA Investing LLC's holdings in Nestlé were worth $42,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSRGY. Ameriflex Group Inc. acquired a new position in shares of Nestlé in the 4th quarter worth approximately $26,000. Flagship Wealth Advisors LLC bought a new stake in Nestlé in the fourth quarter worth $33,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Nestlé in the fourth quarter valued at about $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestlé in the fourth quarter valued at about $49,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a report on Friday, April 4th. Royal Bank of Canada lowered shares of Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st. Finally, BNP Paribas cut shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $91.00.

Nestlé Price Performance

Shares of NSRGY stock traded down $0.52 on Friday, reaching $105.48. The stock had a trading volume of 368,500 shares, compared to its average volume of 721,778. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $109.68. The firm's 50-day moving average is $104.76 and its two-hundred day moving average is $94.60. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Nestlé 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.