Beddow Capital Management Inc. boosted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,658 shares of the company's stock after purchasing an additional 4,558 shares during the quarter. Nestlé comprises 2.2% of Beddow Capital Management Inc.'s portfolio, making the stock its 19th largest holding. Beddow Capital Management Inc.'s holdings in Nestlé were worth $5,364,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. grew its position in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $130,000 after purchasing an additional 922 shares during the last quarter. Studio Investment Management LLC increased its position in Nestlé by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company's stock worth $390,000 after buying an additional 200 shares during the period. Canopy Partners LLC raised its stake in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company's stock valued at $501,000 after purchasing an additional 147 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after purchasing an additional 24,826 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Nestlé in the 3rd quarter worth $36,000. Institutional investors and hedge funds own 0.61% of the company's stock.
Wall Street Analyst Weigh In
NSRGY has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 27th. Jefferies Financial Group lowered shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. BNP Paribas upgraded Nestlé from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nestlé has an average rating of "Hold".
Check Out Our Latest Analysis on Nestlé
Nestlé Price Performance
OTCMKTS NSRGY traded down $0.33 during trading hours on Wednesday, hitting $100.37. The company's stock had a trading volume of 451,049 shares, compared to its average volume of 942,232. The stock has a fifty day moving average of $92.49 and a 200 day moving average of $91.63. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46.
About Nestlé
(
Free Report)
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.
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