Mengis Capital Management Inc. Buys 16,671 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Mengis Capital Management Inc. increased its position in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 304.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,150 shares of the company's stock after acquiring an additional 16,671 shares during the quarter. Mengis Capital Management Inc.'s holdings in Nestlé were worth $2,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its holdings in Nestlé by 7.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 49,222 shares of the company's stock valued at $4,958,000 after acquiring an additional 3,271 shares during the period. Saybrook Capital NC raised its stake in shares of Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock valued at $6,383,000 after purchasing an additional 6,742 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Nestlé during the 3rd quarter worth about $365,000. ORG Partners LLC lifted its holdings in Nestlé by 225.7% during the 3rd quarter. ORG Partners LLC now owns 8,704 shares of the company's stock worth $876,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in Nestlé by 6.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company's stock valued at $92,299,000 after buying an additional 55,367 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Nestlé Stock Down 1.0 %

Nestlé stock traded down $0.85 during mid-day trading on Wednesday, reaching $87.65. 888,636 shares of the company traded hands, compared to its average volume of 785,846. Nestlé S.A. has a 52-week low of $87.22 and a 52-week high of $117.55. The firm's 50 day moving average price is $98.33 and its 200 day moving average price is $102.04.

Analyst Ratings Changes

Several research firms recently commented on NSRGY. UBS Group cut Nestlé from a "buy" rating to a "neutral" rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft cut shares of Nestlé from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Barclays reiterated an "equal weight" rating on shares of Nestlé in a research report on Monday, September 9th. Berenberg Bank lowered shares of Nestlé from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, Morgan Stanley downgraded shares of Nestlé from an "equal weight" rating to an "underweight" rating in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.