Ferguson Wellman Capital Management Inc. Purchases New Stake in Nestle SA $NSRGY

Ferguson Wellman Capital Management Inc. acquired a new position in shares of Nestle SA (OTCMKTS:NSRGY) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 6,676 shares of the company’s stock, valued at approximately $662,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in Nestle by 73.6% in the first quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock valued at $34,000 after acquiring an additional 148 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Nestle during the 4th quarter worth approximately $47,000. Sfam LLC bought a new stake in shares of Nestle in the 4th quarter worth approximately $74,000. Cascades Capital Asset Management LLC bought a new stake in shares of Nestle in the 4th quarter worth approximately $101,000. Finally, Lummis Asset Management LP lifted its stake in Nestle by 6.9% in the fourth quarter. Lummis Asset Management LP now owns 1,781 shares of the company’s stock valued at $177,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

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

Nestle Price Performance

Shares of NSRGY stock opened at $103.10 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79. The firm’s 50 day moving average is $100.43 and its 200 day moving average is $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.