Ferguson Wellman Capital Management Inc. Invests $662,000 in Nestle SA $NSRGY

Ferguson Wellman Capital Management Inc. bought a new position in Nestle SA (OTCMKTS:NSRGY) during the first quarter, according to its most recent filing with the SEC. The firm bought 6,676 shares of the company’s stock, valued at approximately $662,000.

Other hedge funds have also bought and sold shares of the company. Douglas Lane & Associates LLC lifted its stake in shares of Nestle by 3.6% in the fourth quarter. Douglas Lane & Associates LLC now owns 957,576 shares of the company’s stock valued at $95,171,000 after buying an additional 33,232 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Nestle by 57.1% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 37,160 shares of the company’s stock valued at $3,671,000 after buying an additional 13,510 shares during the last quarter. Diversified Trust Co. increased its position in shares of Nestle by 15.4% during the fourth quarter. Diversified Trust Co. now owns 15,270 shares of the company’s stock worth $1,518,000 after acquiring an additional 2,036 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Nestle by 38.4% in the 4th quarter. GAMMA Investing LLC now owns 8,728 shares of the company’s stock worth $862,000 after acquiring an additional 2,420 shares during the last quarter. Finally, Lummis Asset Management LP raised its holdings in shares of Nestle by 6.9% in the 4th quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock worth $177,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

NSRGY has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of Nestle in a research note on Sunday, June 28th. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Finally, Erste Group Bank upgraded Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nestle has an average rating of “Hold”.

Nestle Price Performance

NSRGY stock opened at $103.10 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average of $100.43 and a 200-day moving average of $99.69. Nestle SA has a 12-month low of $86.98 and a 12-month high of $109.59.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.