Opal Capital LLC Invests $3.40 Million in Nestle SA $NSRGY

Opal Capital LLC purchased a new position in Nestle SA (OTCMKTS:NSRGY) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 34,284 shares of the company’s stock, valued at approximately $3,398,000.

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC boosted its stake in Nestle by 73.6% during the first quarter. Sterling Capital Management LLC now owns 349 shares of the company’s stock worth $34,000 after acquiring an additional 148 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Nestle during the fourth quarter valued at approximately $47,000. Sfam LLC bought a new position in shares of Nestle during the fourth quarter valued at approximately $74,000. Cascades Capital Asset Management LLC purchased a new position in shares of Nestle during the fourth quarter valued at approximately $101,000. Finally, Lummis Asset Management LP lifted its holdings in shares of Nestle by 6.9% during the fourth 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 during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NSRGY shares. Erste Group Bank upgraded Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a research note on Friday, April 24th. Jefferies Financial Group raised Nestle from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley reissued an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nestle presently has a consensus rating of “Hold”.

Nestle Stock Up 2.8%

Shares of Nestle stock opened at $100.35 on Wednesday. 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 SA has a 52-week low of $86.98 and a 52-week high of $109.59. The company has a 50-day simple moving average of $101.09 and a two-hundred day simple moving average of $100.06.

Nestle 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.