Saybrook Capital NC Has $6.19 Million Stake in Nestlé S.A. (OTCMKTS:NSRGY)

Saybrook Capital NC increased its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,741 shares of the company’s stock after acquiring an additional 12,340 shares during the period. Nestlé comprises about 1.7% of Saybrook Capital NC’s portfolio, making the stock its 17th largest position. Saybrook Capital NC’s holdings in Nestlé were worth $6,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Douglass Winthrop Advisors LLC increased its stake 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 buying an additional 24,826 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Nestlé in the 4th quarter valued at $1,932,000. Mengis Capital Management Inc. increased its stake in Nestlé by 304.3% in the 3rd 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 last quarter. SVB Wealth LLC acquired a new stake in Nestlé in the 4th quarter valued at $906,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Nestlé by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock worth $8,806,000 after purchasing an additional 10,523 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSRGY has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nestlé Stock Performance

Shares of NSRGY stock opened at $101.92 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. The company has a 50-day simple moving average of $87.66 and a 200 day simple moving average of $92.02. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46.

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.