Highlander Capital Management LLC Boosts Position in Nestlé (NSRGY)

Highlander Capital Management LLC boosted its stake in Nestlé (OTCMKTS:NSRGY) by 30.7% during the 1st quarter, HoldingsChannel reports. The fund owned 18,112 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Nestlé comprises 0.8% of Highlander Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Highlander Capital Management LLC’s holdings in Nestlé were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bridges Investment Management Inc. acquired a new position in shares of Nestlé during the 4th quarter worth about $516,000. Saybrook Capital NC grew its stake in Nestlé by 1.1% in the 4th quarter. Saybrook Capital NC now owns 80,725 shares of the company’s stock valued at $6,940,000 after buying an additional 888 shares during the last quarter. RiverGlades Family Offices LLC acquired a new position in shares of Nestlé during the 4th quarter worth approximately $374,000. Prentiss Smith & Co. Inc. acquired a new position in shares of Nestlé during the 4th quarter worth approximately $139,000. Finally, Staley Capital Advisers Inc. grew its position in shares of Nestlé by 9.3% during the 4th quarter. Staley Capital Advisers Inc. now owns 141,205 shares of the company’s stock worth $12,139,000 after purchasing an additional 12,020 shares in the last quarter. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nestlé traded up $0.33, reaching $75.79, on Thursday, Marketbeat Ratings reports. 542,966 shares of the stock were exchanged, compared to its average volume of 490,177. Nestlé has a one year low of $74.31 and a one year high of $89.40. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 0.25. The company has a market cap of $234.53 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57.

A number of brokerages have issued reports on NSRGY. Zacks Investment Research upgraded shares of Nestlé from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, March 21st. ValuEngine lowered shares of Nestlé from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. UBS Group restated a “neutral” rating on shares of Nestlé in a research report on Wednesday, May 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Nestlé in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $90.00.

Nestlé Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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Institutional Ownership by Quarter for Nestlé (OTCMKTS:NSRGY)

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