Beach Investment Counsel Inc. PA Has $2.87 Million Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Beach Investment Counsel Inc. PA decreased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 26.6% in the 4th quarter, HoldingsChannel reports. The firm owned 35,085 shares of the company’s stock after selling 12,702 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Nestlé were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Douglas Lane & Associates LLC raised its stake in Nestlé by 6.4% in the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company’s stock valued at $92,299,000 after purchasing an additional 55,367 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after acquiring an additional 24,826 shares during the last quarter. Mengis Capital Management Inc. lifted its stake in Nestlé by 304.3% in the third quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company’s stock valued at $2,230,000 after buying an additional 16,671 shares during the period. Hantz Financial Services Inc. lifted its stake in Nestlé by 10.8% in 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 period. Finally, Saybrook Capital NC lifted its stake in Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after buying an additional 6,742 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Up 0.1 %

Shares of NSRGY opened at $85.10 on Tuesday. The stock’s 50-day simple moving average is $83.46 and its 200 day simple moving average is $93.73. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé S.A. has a 52-week low of $80.11 and a 52-week high of $115.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada raised Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Finally, BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.