Nestlé S.A. (OTCMKTS:NSRGY) Position Boosted by Mengis Capital Management Inc.

Mengis Capital Management Inc. raised its stake in Nestlé S.A. (OTCMKTS:NSRGY) by 51.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,445 shares of the company’s stock after buying an additional 11,295 shares during the quarter. Mengis Capital Management Inc.’s holdings in Nestlé were worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Canopy Partners LLC increased its stake in Nestlé by 3.0% during the 3rd quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock valued at $501,000 after buying an additional 147 shares during the period. Studio Investment Management LLC lifted its position in shares of Nestlé by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock valued at $390,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Nestlé in the 3rd quarter worth about $36,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé during the 4th quarter valued at $33,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 251.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a report on Tuesday, December 17th. Morgan Stanley upgraded shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. 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 given a strong buy rating to the stock. According to data from MarketBeat, Nestlé presently has an average rating of “Hold”.

Nestlé Stock Up 2.9 %

Shares of NSRGY stock opened at $97.79 on Tuesday. Nestlé S.A. has a one year low of $80.11 and a one year high of $110.46. 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 stock has a fifty day moving average price of $84.71 and a 200 day moving average price of $92.21.

Nestlé 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.