Nestle SA $NSRGY Shares Sold by Academy Capital Management

Academy Capital Management trimmed its holdings in Nestle SA (OTCMKTS:NSRGY) by 63.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,835 shares of the company’s stock after selling 60,724 shares during the period. Nestle makes up about 0.5% of Academy Capital Management’s holdings, making the stock its 22nd largest holding. Academy Capital Management’s holdings in Nestle were worth $3,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC purchased a new stake in Nestle in the third quarter valued at $31,000. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Nestle by 175.1% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 641 shares of the company’s stock worth $59,000 after purchasing an additional 408 shares during the period. Salomon & Ludwin LLC increased its position in shares of Nestle by 412.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 933 shares of the company’s stock worth $87,000 after purchasing an additional 751 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Nestle during the 3rd quarter worth about $125,000. Finally, IHT Wealth Management LLC purchased a new stake in Nestle in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Nestle in a research note on Thursday, February 12th. Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Nestle presently has a consensus rating of “Hold” and a consensus price target of $91.00.

Nestle Price Performance

Shares of Nestle stock opened at $97.58 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71. The business has a 50-day moving average of $99.93 and a 200 day moving average of $97.79. Nestle SA has a 12 month low of $86.98 and a 12 month high of $109.59.

Nestle Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.