Front Row Advisors LLC Has $239,000 Position in Nestlé S.A. (OTCMKTS:NSRGY)

Front Row Advisors LLC grew its position in Nestlé S.A. (OTCMKTS:NSRGY) by 421.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,336 shares of the company’s stock after acquiring an additional 1,888 shares during the period. Front Row Advisors LLC’s holdings in Nestlé were worth $239,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Douglas Lane & Associates LLC raised its stake in Nestlé by 3.7% in the 1st quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after acquiring an additional 27,888 shares during the period. Councilmark Asset Management LLC acquired a new stake in shares of Nestlé during the 1st quarter worth about $640,000. Confluence Investment Management LLC bought a new stake in shares of Nestlé during the 1st quarter worth about $111,100,000. Wedgewood Investors Inc. PA bought a new stake in shares of Nestlé during the 2nd quarter worth about $277,000. Finally, Cullen Investment Group LTD. grew its stake in Nestlé by 3.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,608 shares of the company’s stock valued at $1,005,000 after buying an additional 342 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Price Performance

NSRGY opened at $100.94 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé S.A. has a 52-week low of $96.36 and a 52-week high of $117.55. The business’s fifty day moving average is $102.94 and its 200-day moving average is $103.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Barclays restated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Nestlé

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.