Nestlé S.A. (OTCMKTS:NSRGY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Nestlé S.A. (OTCMKTS:NSRGY) by 23,819.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 417,630 shares of the company’s stock after acquiring an additional 415,884 shares during the period. GAMMA Investing LLC’s holdings in Nestlé were worth $42,252,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of Nestlé during the 4th quarter worth about $26,000. Flagship Wealth Advisors LLC acquired a new position in shares of Nestlé during the 4th quarter worth about $33,000. Thompson Investment Management Inc. acquired a new position in shares of Nestlé during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Nestlé during the 4th quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Nestlé during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BNP Paribas downgraded shares of Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Morgan Stanley downgraded shares of Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target for the company. in a research report on Friday, April 4th. Finally, Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $91.00.

Nestlé Trading Down 1.1%

NSRGY stock opened at $105.43 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The firm has a 50-day moving average of $104.51 and a two-hundred day moving average of $94.27.

Nestlé 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.