Wedgewood Investors Inc. PA Trims Stock Position in Nestlé S.A. (OTCMKTS:NSRGY)

Wedgewood Investors Inc. PA lessened its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,156 shares of the company’s stock after selling 200 shares during the quarter. Nestlé comprises about 1.3% of Wedgewood Investors Inc. PA’s holdings, making the stock its 24th biggest holding. Wedgewood Investors Inc. PA’s holdings in Nestlé were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. James Investment Research Inc. lifted its holdings in Nestlé by 926.3% in the 2nd quarter. James Investment Research Inc. now owns 585 shares of the company’s stock valued at $65,000 after purchasing an additional 528 shares in the last quarter. Vigilant Capital Management LLC lifted its holdings in Nestlé by 194.1% in the 3rd quarter. Vigilant Capital Management LLC now owns 850 shares of the company’s stock valued at $101,000 after purchasing an additional 561 shares in the last quarter. Lountzis Asset Management LLC purchased a new position in Nestlé in the 2nd quarter valued at about $110,000. Meeder Asset Management Inc. lifted its holdings in shares of Nestlé by 12.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,068 shares of the company’s stock worth $127,000 after acquiring an additional 117 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in shares of Nestlé during the 2nd quarter worth about $203,000. 1.24% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. HSBC upgraded shares of Nestlé from a “hold” rating to a “buy” rating in a report on Friday, September 25th. DZ Bank reissued a “buy” rating on shares of Nestlé in a research report on Thursday, October 22nd. Sanford C. Bernstein initiated coverage on shares of Nestlé in a research report on Monday, October 12th. They set an “outperform” rating for the company. Barclays reissued an “overweight” rating on shares of Nestlé in a research report on Friday, July 31st. Finally, Zacks Investment Research downgraded shares of Nestlé from a “buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Nestlé has a consensus rating of “Hold” and a consensus target price of $131.00.

Shares of NSRGY stock traded up $0.91 during mid-day trading on Monday, reaching $116.69. 208,402 shares of the company were exchanged, compared to its average volume of 528,742. Nestlé S.A. has a fifty-two week low of $88.00 and a fifty-two week high of $122.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market capitalization of $336.07 billion, a P/E ratio of 26.28, a P/E/G ratio of 5.34 and a beta of 0.40. The business’s 50 day simple moving average is $117.48 and its 200 day simple moving average is $114.65.

Nestlé Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

Read More: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Nestlé (OTCMKTS:NSRGY)

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