Nestle SA $NSRGY Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

Key Points

• FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in Nestle SA by 114.9% during the second quarter, now owning 9,269 shares valued at approximately $918,000.
• Analyst ratings for Nestle have recently been adjusted, with Jefferies Financial Group upgrading the stock from "underperform" to "hold," contributing to an average rating of "Hold" among analysts.
• Nestle stock currently trades around $89.13, with a 12-month high of $109.31 and a low of $80.11, reflecting notable volatility in its market performance.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Nestle SA (OTCMKTS:NSRGY - Free Report) by 114.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,269 shares of the company's stock after buying an additional 4,955 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Nestle were worth $918,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Core Alternative Capital purchased a new stake in shares of Nestle in the first quarter valued at approximately $29,000. First Horizon Advisors Inc. grew its position in shares of Nestle by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after purchasing an additional 312 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Nestle in the first quarter valued at approximately $95,000. Sawyer & Company Inc acquired a new position in Nestle in the first quarter valued at approximately $132,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in Nestle in the first quarter valued at approximately $223,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Nestle presently has an average rating of "Hold" and an average price target of $91.00.

Nestle Stock Performance

Nestle stock opened at $89.13 on Monday. Nestle SA has a twelve month low of $80.11 and a twelve month high of $109.31. The stock's fifty day simple moving average is $91.46 and its 200-day simple moving average is $98.83. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41.

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.

Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nestle SA (OTCMKTS:NSRGY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.