Academy Capital Management Lowers Holdings in Nestle SA $NSRGY

Academy Capital Management reduced its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 63.5% during the 3rd quarter, according to its most recent filing 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 approximately 0.5% of Academy Capital Management’s portfolio, making the stock its 22nd biggest holding. Academy Capital Management’s holdings in Nestle were worth $3,197,000 as of its most recent filing with the SEC.

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

Nestle Trading Down 4.9%

OTCMKTS NSRGY opened at $97.58 on Thursday. The business’s fifty day simple moving average is $99.93 and its 200-day simple moving average is $97.79. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.62. Nestle SA has a 52 week low of $86.98 and a 52 week high of $109.59.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NSRGY shares. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research report on Thursday, February 12th. Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $91.00.

About Nestle

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.