ORG Partners LLC Has $283,000 Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

ORG Partners LLC increased its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 15,617.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,672 shares of the company’s stock after purchasing an additional 2,655 shares during the period. ORG Partners LLC’s holdings in Nestlé were worth $283,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new stake in shares of Nestlé during the first quarter worth approximately $111,100,000. Douglass Winthrop Advisors LLC grew its stake in shares of Nestlé by 0.5% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock valued at $110,087,000 after purchasing an additional 4,923 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of Nestlé by 3.7% during the first quarter. Douglas Lane & Associates LLC now owns 783,166 shares of the company’s stock valued at $83,255,000 after purchasing an additional 27,888 shares during the last quarter. Hemenway Trust Co LLC grew its stake in shares of Nestlé by 2.7% during the first quarter. Hemenway Trust Co LLC now owns 257,164 shares of the company’s stock valued at $27,311,000 after purchasing an additional 6,670 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA grew its stake in shares of Nestlé by 15.2% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after purchasing an additional 25,203 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Nestlé Stock Performance

NSRGY stock traded up $0.63 during midday trading on Friday, reaching $104.17. The company’s stock had a trading volume of 283,366 shares, compared to its average volume of 432,179. Nestlé S.A. has a 52 week low of $99.04 and a 52 week high of $125.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. The business’s 50-day simple moving average is $104.53 and its 200-day simple moving average is $107.13.

Nestlé Company 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.