Motley Fool Wealth Management LLC Purchases 2,327 Shares of NESTLE S A/S (NSRGY)

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Motley Fool Wealth Management LLC grew its position in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,332 shares of the company’s stock after buying an additional 2,327 shares during the period. Motley Fool Wealth Management LLC’s holdings in NESTLE S A/S were worth $11,756,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Holistic Financial Partners bought a new position in shares of NESTLE S A/S in the first quarter worth $388,000. Heritage Wealth Advisors increased its position in shares of NESTLE S A/S by 66.9% in the first quarter. Heritage Wealth Advisors now owns 2,495 shares of the company’s stock worth $238,000 after purchasing an additional 1,000 shares during the period. Moloney Securities Asset Management LLC increased its position in shares of NESTLE S A/S by 25.3% in the first quarter. Moloney Securities Asset Management LLC now owns 3,345 shares of the company’s stock worth $319,000 after purchasing an additional 676 shares during the period. Rhumbline Advisers bought a new position in shares of NESTLE S A/S in the first quarter worth $289,000. Finally, Fayerweather Charles increased its position in shares of NESTLE S A/S by 2.5% in the first quarter. Fayerweather Charles now owns 24,955 shares of the company’s stock worth $2,379,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 1.38% of the company’s stock.

A number of brokerages recently commented on NSRGY. Zacks Investment Research cut NESTLE S A/S from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Barclays began coverage on NESTLE S A/S in a research report on Wednesday, April 10th. They issued an “overweight” rating on the stock. Bank of America began coverage on NESTLE S A/S in a research report on Friday, April 5th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada cut NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $103.50.

OTCMKTS:NSRGY opened at $99.34 on Friday. The stock has a market capitalization of $304.28 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.54 and a beta of 0.54. The company has a current ratio of 0.95, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. NESTLE S A/S has a twelve month low of $73.59 and a twelve month high of $99.46.

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NESTLE S A/S Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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