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

Weik Capital Management trimmed its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,694 shares of the company’s stock after selling 1,432 shares during the quarter. Nestlé accounts for about 1.8% of Weik Capital Management’s portfolio, making the stock its 15th largest position. Weik Capital Management’s holdings in Nestlé were worth $4,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in shares of Nestlé by 10.8% during the fourth 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 during the last quarter. Altrius Capital Management Inc lifted its stake in Nestlé by 13.5% during the 4th 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 period. Saybrook Capital NC boosted its holdings in shares of Nestlé by 19.5% in the 4th quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after acquiring an additional 12,340 shares during the last quarter. Sustainable Growth Advisers LP raised its holdings in shares of 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 last quarter. Finally, Beddow Capital Management Inc. lifted its position in Nestlé by 7.5% during 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. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Nestlé Stock Performance

NSRGY opened at $101.81 on Friday. Nestlé S.A. has a twelve month low of $80.11 and a twelve month high of $110.46. The company has a 50-day moving average price of $93.30 and a 200 day moving average price of $91.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

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.