Madison Investment Advisors LLC Makes New $655,000 Investment in Nestlé S.A. (OTCMKTS:NSRGY)

Madison Investment Advisors LLC acquired a new position in Nestlé S.A. (OTCMKTS:NSRGY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,015 shares of the company’s stock, valued at approximately $655,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NSRGY. Douglass Winthrop Advisors LLC boosted its stake in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Nestlé during the fourth quarter valued at $1,932,000. Saybrook Capital NC lifted its stake in shares of Nestlé by 19.5% during the fourth quarter. Saybrook Capital NC now owns 75,741 shares of the company’s stock valued at $6,188,000 after acquiring an additional 12,340 shares during the period. Mengis Capital Management Inc. lifted its stake in shares of Nestlé by 51.0% during the fourth quarter. Mengis Capital Management Inc. now owns 33,445 shares of the company’s stock valued at $2,732,000 after acquiring an additional 11,295 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Nestlé during the fourth quarter valued at $906,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NSRGY. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nestlé Trading Down 0.1 %

OTCMKTS:NSRGY opened at $101.07 on Friday. Nestlé S.A. has a 1-year low of $80.11 and a 1-year high of $110.46. The business’s 50-day moving average price is $89.59 and its two-hundred day moving average price is $92.01. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

About Nestlé

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.