Ferguson Wellman Capital Management Inc. cut its stake in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,626 shares of the company’s stock after selling 877 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in NESTLE S A/S were worth $1,409,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Weaver Consulting Group bought a new stake in NESTLE S A/S in the first quarter valued at approximately $25,000. Vigilant Capital Management LLC raised its stake in NESTLE S A/S by 73.3% in the first quarter. Vigilant Capital Management LLC now owns 674 shares of the company’s stock valued at $64,000 after buying an additional 285 shares during the period. Chickasaw Capital Management LLC bought a new stake in NESTLE S A/S in the second quarter valued at approximately $207,000. Maryland Capital Management bought a new stake in NESTLE S A/S in the first quarter valued at approximately $209,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in NESTLE S A/S in the first quarter valued at approximately $210,000. 1.35% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. HSBC restated a “buy” rating and issued a GBX 275 ($3.59) price objective on shares of in a research note on Thursday, June 27th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, July 5th. Barclays upped their price objective on Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Bank of America restated a “neutral” rating and issued a $105.00 price objective (up previously from $95.00) on shares of Childrens Place in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $108.00.
Shares of OTCMKTS NSRGY traded up $2.10 during trading hours on Friday, reaching $105.34. 87,949 shares of the stock were exchanged, compared to its average volume of 282,997. The company has a market cap of $321.82 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.72 and a beta of 0.48. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. NESTLE S A/S has a 52 week low of $78.62 and a 52 week high of $108.90. The company’s fifty day simple moving average is $103.16.
About NESTLE S A/S
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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