ORG Partners LLC Buys 2,655 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

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

Other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. grew its position in shares of Nestlé by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,386,000 after buying an additional 94 shares during the period. First Horizon Advisors Inc. grew its position in Nestlé by 22.4% during the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $72,000 after purchasing an additional 114 shares during the last quarter. Partners Capital Investment Group LLP grew its position in Nestlé by 5.1% during the 4th quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after purchasing an additional 115 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in Nestlé by 4.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock valued at $330,000 after purchasing an additional 130 shares during the last quarter. Finally, Violich Capital Management Inc. grew its position in Nestlé by 3.2% during the 1st quarter. Violich Capital Management Inc. now owns 5,097 shares of the company’s stock valued at $541,000 after purchasing an additional 157 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Up 0.6 %

OTCMKTS NSRGY traded up $0.63 on Friday, reaching $104.17. 283,366 shares of the stock were exchanged, compared to its average volume of 432,179. Nestlé S.A. has a one year low of $99.04 and a one year high of $125.41. The company’s 50-day simple moving average is $104.53 and its two-hundred day simple moving average is $107.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51.

Wall Street Analyst Weigh In

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