Councilmark Asset Management LLC Invests $640,000 in Nestlé S.A. (OTCMKTS:NSRGY)

Councilmark Asset Management LLC bought a new stake in Nestlé S.A. (OTCMKTS:NSRGY) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,023 shares of the company’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NSRGY. Henry James International Management Inc. grew its stake in shares of Nestlé by 89.6% in the 1st quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock valued at $2,493,000 after purchasing an additional 11,093 shares during the last quarter. ORG Partners LLC grew its position in Nestlé by 15,617.6% in the 1st quarter. ORG Partners LLC now owns 2,672 shares of the company’s stock valued at $283,000 after buying an additional 2,655 shares during the last quarter. Broderick Brian C increased its stake in Nestlé by 4.6% in the 1st quarter. Broderick Brian C now owns 102,949 shares of the company’s stock valued at $10,933,000 after buying an additional 4,520 shares during the period. Hemenway Trust Co LLC raised its position in Nestlé by 2.7% during the 1st quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock worth $27,311,000 after buying an additional 6,670 shares during the last quarter. Finally, Hendley & Co. Inc. lifted its stake in shares of Nestlé by 0.6% in the 1st quarter. Hendley & Co. Inc. now owns 44,612 shares of the company’s stock worth $4,738,000 after acquiring an additional 250 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nestlé Stock Down 0.8 %

OTCMKTS:NSRGY traded down $0.86 during mid-day trading on Friday, hitting $104.97. 976,699 shares of the company’s stock traded hands, compared to its average volume of 449,526. Nestlé S.A. has a 1 year low of $99.04 and a 1 year high of $125.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The firm’s 50 day simple moving average is $104.80 and its 200 day simple moving average is $106.66.

About Nestlé

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.