First Horizon Advisors Inc. Buys 922 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

First Horizon Advisors Inc. increased its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 251.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,288 shares of the company’s stock after purchasing an additional 922 shares during the period. First Horizon Advisors Inc.’s holdings in Nestlé were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSRGY. 1620 Investment Advisors Inc. purchased a new position in Nestlé in the second quarter worth about $134,000. Front Row Advisors LLC grew its position in Nestlé by 421.4% during the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after buying an additional 1,888 shares during the period. GAMMA Investing LLC increased its holdings in Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after buying an additional 949 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Nestlé in the second quarter worth approximately $262,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new position in shares of Nestlé during the 2nd quarter worth $265,000. Institutional investors own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NSRGY. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley cut shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nestlé Stock Down 0.7 %

Shares of NSRGY opened at $85.08 on Friday. The business’s 50 day simple moving average is $95.60 and its 200-day simple moving average is $101.25. Nestlé S.A. has a 1 year low of $85.01 and a 1 year high of $117.55.

Nestlé Company 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.