Nestlé S.A. (OTCMKTS:NSRGY) Shares Bought by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 51.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,445 shares of the company’s stock after acquiring an additional 11,295 shares during the period. Mengis Capital Management Inc.’s holdings in Nestlé were worth $2,732,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC raised its holdings in Nestlé by 2.5% in the 3rd 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. Hantz Financial Services Inc. grew its stake in shares of 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 in the last quarter. Altrius Capital Management Inc increased its stake in Nestlé by 2.4% during the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock worth $6,977,000 after buying an additional 1,603 shares during the period. Saybrook Capital NC increased its holdings in Nestlé by 11.9% during the 3rd quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock worth $6,383,000 after purchasing an additional 6,742 shares during the period. Finally, Beddow Capital Management Inc. raised its holdings in shares of Nestlé by 4.4% in the 3rd quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock valued at $6,151,000 after purchasing an additional 2,590 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Up 2.9 %

Shares of NSRGY opened at $97.79 on Tuesday. The stock’s 50-day moving average is $84.71 and its two-hundred day moving average is $92.21. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85.

Analyst Ratings Changes

Several brokerages recently commented on NSRGY. 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 shares of Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.