Kornitzer Capital Management Inc. KS Sells 44,538 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Kornitzer Capital Management Inc. KS cut its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,950 shares of the company's stock after selling 44,538 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Nestlé were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC raised its stake in shares of Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock worth $104,417,000 after acquiring an additional 24,826 shares in the last quarter. Mengis Capital Management Inc. raised its position in Nestlé by 304.3% in the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock worth $2,230,000 after purchasing an additional 16,671 shares during the period. Hantz Financial Services Inc. lifted its stake in Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock worth $8,806,000 after purchasing an additional 10,523 shares during the last quarter. Saybrook Capital NC boosted its position in Nestlé by 11.9% during the third quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after buying an additional 6,742 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Nestlé during the fourth quarter valued at about $386,000. Institutional investors own 0.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NSRGY shares. Jefferies Financial Group cut Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, BNP Paribas raised shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".

Nestlé Trading Up 3.5 %

OTCMKTS NSRGY traded up $3.24 during trading on Friday, hitting $95.08. The company had a trading volume of 586,443 shares, compared to its average volume of 834,843. The company's fifty day moving average is $84.41 and its 200-day moving average is $92.39. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46.

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.