Nestlé S.A. (OTCMKTS:NSRGY) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,090 shares of the company’s stock after acquiring an additional 2,980 shares during the quarter. Yousif Capital Management LLC’s holdings in Nestlé were worth $5,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. boosted its stake in Nestlé by 30.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock worth $58,000 after purchasing an additional 120 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Nestlé in the 4th quarter worth approximately $69,000. Operose Advisors LLC acquired a new position in Nestlé in the 3rd quarter worth approximately $82,000. Wesbanco Bank Inc. boosted its stake in Nestlé by 11.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock worth $239,000 after purchasing an additional 218 shares during the period. Finally, Enterprise Financial Services Corp boosted its stake in Nestlé by 7.7% in the 3rd quarter. Enterprise Financial Services Corp now owns 2,183 shares of the company’s stock worth $247,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Down 1.6 %

OTCMKTS NSRGY opened at $101.43 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The company’s fifty day moving average is $105.35 and its two-hundred day moving average is $110.09. Nestlé S.A. has a 52-week low of $99.04 and a 52-week high of $131.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NSRGY shares. Royal Bank of Canada upgraded shares of Nestlé from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 27th. BNP Paribas downgraded shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Nestlé currently has a consensus rating of “Hold” and a consensus target price of $153.00.

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.