Ramirez Asset Management Inc. Grows Stock Holdings in Nestle SA $NSRGY

Key Points

• Ramirez Asset Management Inc. increased its holdings in Nestle SA by 24.7% during Q2, owning 30,263 shares worth approximately $2.997 million.
• Several other institutional investors, including First Horizon Advisors and Folger Nolan Fleming Douglas Capital Management, also increased their stakes in Nestle during the first quarter.
• Analysts have mixed ratings on Nestle, with one analyst giving it a Strong Buy rating and the consensus rating being "Hold" with an average target price of $91.00.

Ramirez Asset Management Inc. raised its position in shares of Nestle SA (OTCMKTS:NSRGY - Free Report) by 24.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,263 shares of the company's stock after purchasing an additional 5,985 shares during the period. Ramirez Asset Management Inc.'s holdings in Nestle were worth $2,997,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NSRGY. Core Alternative Capital purchased a new stake in Nestle during the first quarter valued at about $29,000. First Horizon Advisors Inc. grew its stake in shares of Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after buying an additional 312 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Nestle during the first quarter valued at about $95,000. Sawyer & Company Inc bought a new position in shares of Nestle during the first quarter valued at about $132,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of Nestle during the first quarter valued at about $223,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestle Price Performance

OTCMKTS NSRGY opened at $92.58 on Friday. Nestle SA has a 1 year low of $80.11 and a 1 year high of $109.31. The business's 50-day moving average is $91.45 and its 200 day moving average is $98.26.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NSRGY. Morgan Stanley reaffirmed an "underweight" rating on shares of Nestle in a research note on Monday. Jefferies Financial Group raised Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently 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.

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