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

Beddow Capital Management Inc. raised its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,510 shares of the company’s stock after buying an additional 3,495 shares during the period. Nestlé comprises about 2.6% of Beddow Capital Management Inc.’s holdings, making the stock its 17th largest holding. Beddow Capital Management Inc.’s holdings in Nestlé were worth $5,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NSRGY. Douglass Winthrop Advisors LLC boosted its position in shares of Nestlé by 0.5% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 952,065 shares of the company’s stock worth $110,087,000 after buying an additional 4,923 shares during the period. 3Chopt Investment Partners LLC acquired a new stake in shares of Nestlé in the fourth quarter valued at $483,000. Partners Capital Investment Group LLP raised its stake in shares of Nestlé by 5.1% in the fourth quarter. Partners Capital Investment Group LLP now owns 2,366 shares of the company’s stock valued at $274,000 after acquiring an additional 115 shares in the last quarter. Pinnacle West Asset Management Inc. raised its stake in shares of Nestlé by 4.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,855 shares of the company’s stock valued at $330,000 after acquiring an additional 130 shares in the last quarter. Finally, Delaney Dennis R raised its stake in shares of Nestlé by 0.9% in the fourth quarter. Delaney Dennis R now owns 50,477 shares of the company’s stock valued at $5,848,000 after acquiring an additional 429 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSRGY has been the topic of several analyst reports. Barclays reiterated an “equal weight” rating on shares of Nestlé in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Berenberg Bank cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, UBS Group cut Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nestlé Trading Down 3.7 %

OTCMKTS NSRGY opened at $97.10 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.83 and a quick ratio of 0.51. Nestlé S.A. has a 52-week low of $96.36 and a 52-week high of $119.52. The business’s 50-day moving average price is $103.47 and its 200 day moving average price is $104.07.

Nestlé Company 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.