North Star Asset Management Inc. Makes New $775,000 Investment in Nestle SA $NSRGY

North Star Asset Management Inc. bought a new stake in Nestle SA (OTCMKTS:NSRGY) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,550 shares of the company’s stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 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 buying an additional 148 shares in the last quarter. Sfam LLC acquired a new position in Nestle during the fourth quarter worth about $74,000. Cascades Capital Asset Management LLC bought a new position in shares of Nestle in the fourth quarter worth about $101,000. Lummis Asset Management LP boosted its stake in shares of Nestle by 6.9% in the 4th 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 in the last quarter. Finally, Vaughan David Investments LLC IL bought a new stake in shares of Nestle during the 4th quarter valued at approximately $207,000. Institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, July 2nd. Erste Group Bank raised Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nestle currently has a consensus rating of “Hold”.

Nestle Price Performance

Shares of NSRGY opened at $97.28 on Friday. The stock’s 50-day moving average price is $101.11 and its two-hundred day moving average price is $100.70. Nestle SA has a 12 month low of $88.47 and a 12 month high of $109.59. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 1.40.

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.