Weik Capital Management Decreases Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Weik Capital Management cut its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,694 shares of the company’s stock after selling 1,432 shares during the period. Nestlé accounts for about 1.8% of Weik Capital Management’s holdings, making the stock its 15th largest holding. Weik Capital Management’s holdings in Nestlé were worth $4,387,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Nestlé in the 4th quarter valued at $49,000. Beddow Capital Management Inc. grew its holdings in shares of Nestlé by 7.5% in the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company’s stock valued at $5,364,000 after purchasing an additional 4,558 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in Nestlé during the fourth quarter worth about $33,000. Sustainable Growth Advisers LP raised its stake in Nestlé by 60.2% during the fourth quarter. Sustainable Growth Advisers LP now owns 74,622 shares of the company’s stock worth $6,097,000 after purchasing an additional 28,040 shares during the period. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Nestlé in the 4th quarter valued at approximately $655,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Up 1.4 %

NSRGY stock opened at $101.81 on Friday. Nestlé S.A. has a 1 year low of $80.11 and a 1 year high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average is $93.30 and its two-hundred day moving average is $91.77.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NSRGY. Royal Bank of Canada cut Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nestlé 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.