Spinnaker Trust Acquires 2,642 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Spinnaker Trust lifted its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,004 shares of the company’s stock after purchasing an additional 2,642 shares during the period. Spinnaker Trust’s holdings in Nestlé were worth $8,226,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA raised its holdings in shares of Nestlé by 15.2% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock valued at $22,099,000 after acquiring an additional 25,203 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of Nestlé by 2.5% during the 3rd quarter. Bahl & Gaynor Inc. now owns 91,381 shares of the company’s stock valued at $10,363,000 after purchasing an additional 2,215 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Nestlé by 198.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 83,173 shares of the company’s stock valued at $9,636,000 after buying an additional 55,298 shares in the last quarter. Sky Investment Group LLC grew its position in Nestlé by 1.4% during the fourth quarter. Sky Investment Group LLC now owns 82,999 shares of the company’s stock valued at $9,597,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Kidder Stephen W lifted its holdings in shares of Nestlé by 1.7% in the 3rd quarter. Kidder Stephen W now owns 74,496 shares of the company’s stock worth $8,431,000 after acquiring an additional 1,235 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

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

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded down $0.09 during trading on Friday, hitting $101.34. The stock had a trading volume of 723,194 shares, compared to its average volume of 762,534. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé S.A. has a 12 month low of $99.04 and a 12 month high of $131.64. The firm’s fifty day moving average is $105.17 and its 200 day moving average is $110.01.

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.