DF Dent & Co. Inc. Increases Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

DF Dent & Co. Inc. boosted its holdings in Nestlé S.A. (OTCMKTS:NSRGY - Free Report) by 193.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,192 shares of the company's stock after purchasing an additional 4,742 shares during the period. DF Dent & Co. Inc.'s holdings in Nestlé were worth $588,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its stake in Nestlé by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company's stock valued at $8,806,000 after buying an additional 10,523 shares in the last quarter. Altrius Capital Management Inc increased its stake in Nestlé by 13.5% in the fourth quarter. Altrius Capital Management Inc now owns 78,687 shares of the company's stock valued at $6,429,000 after acquiring an additional 9,381 shares during the last quarter. Saybrook Capital NC raised its holdings in shares of Nestlé by 19.5% during the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company's stock valued at $6,188,000 after buying an additional 12,340 shares in the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Nestlé by 60.2% in the 4th quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company's stock worth $6,097,000 after acquiring an additional 28,040 shares during the last quarter. Finally, Beddow Capital Management Inc. lifted its stake in Nestlé by 7.5% in the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company's stock worth $5,364,000 after purchasing an additional 4,558 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company's stock.

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Nestlé Price Performance

NSRGY traded up $2.78 during trading hours on Wednesday, hitting $100.71. The company's stock had a trading volume of 579,533 shares, compared to its average volume of 881,962. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The business's 50-day moving average price is $97.01 and its 200-day moving average price is $91.68. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NSRGY shares. Morgan Stanley downgraded shares of Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research note on Friday, April 4th. Royal Bank of Canada downgraded shares of Nestlé from an "outperform" rating to a "sector perform" rating in a research note on Friday, March 21st. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Nestlé has an average rating of "Hold" and a consensus target price of $91.00.

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.