Beddow Capital Management Inc. Grows Position in Nestlé S.A. (OTCMKTS:NSRGY)

Beddow Capital Management Inc. boosted its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 4.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,100 shares of the company’s stock after buying an additional 2,590 shares during the quarter. Nestlé makes up about 2.5% of Beddow Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Beddow Capital Management Inc.’s holdings in Nestlé were worth $6,151,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Rodgers Brothers Inc. increased its stake in shares of Nestlé by 225.4% in the 1st quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock worth $3,292,000 after acquiring an additional 21,450 shares in the last quarter. Raelipskie Partnership boosted its position in shares of Nestlé by 6.2% in the 1st quarter. Raelipskie Partnership now owns 16,677 shares of the company’s stock worth $1,771,000 after purchasing an additional 980 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Nestlé by 61.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after buying an additional 949 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Nestlé by 9.9% during the 2nd quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock valued at $87,887,000 after buying an additional 77,885 shares in the last quarter. Finally, Boit C F David bought a new stake in Nestlé in the second quarter worth $592,000. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $88.59 on Tuesday. The business has a fifty day moving average price of $97.00 and a 200-day moving average price of $101.67. Nestlé S.A. has a one year low of $87.07 and a one year high of $117.55.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSRGY. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Berenberg Bank downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Finally, Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.