Schaper Benz & Wise Investment Counsel Inc. WI Has $10.10 Million Stock Position in NESTLE S A/S (OTCMKTS:NSRGY)

Schaper Benz & Wise Investment Counsel Inc. WI decreased its holdings in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,124 shares of the company’s stock after selling 3,311 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in NESTLE S A/S were worth $10,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NSRGY. Marietta Wealth Management LLC boosted its holdings in shares of NESTLE S A/S by 3.0% during the 2nd quarter. Marietta Wealth Management LLC now owns 27,595 shares of the company’s stock worth $2,853,000 after buying an additional 812 shares during the period. Bowen Hanes & Co. Inc. boosted its holdings in shares of NESTLE S A/S by 5.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 430,220 shares of the company’s stock worth $44,485,000 after buying an additional 22,485 shares during the period. Hemenway Trust Co LLC boosted its holdings in shares of NESTLE S A/S by 0.7% during the 2nd quarter. Hemenway Trust Co LLC now owns 182,481 shares of the company’s stock worth $18,869,000 after buying an additional 1,240 shares during the period. Congress Asset Management Co. MA boosted its holdings in shares of NESTLE S A/S by 1.7% during the 2nd quarter. Congress Asset Management Co. MA now owns 68,393 shares of the company’s stock worth $7,089,000 after buying an additional 1,128 shares during the period. Finally, Advisor Partners LLC boosted its holdings in NESTLE S A/S by 5.0% in the 3rd quarter. Advisor Partners LLC now owns 22,736 shares of the company’s stock valued at $2,469,000 after purchasing an additional 1,086 shares during the period. Institutional investors own 1.32% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of NESTLE S A/S from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada downgraded shares of NESTLE S A/S from a “sector perform” rating to an “underperform” rating in a report on Wednesday, September 25th. ValuEngine downgraded shares of NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank downgraded shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.00.

NESTLE S A/S stock traded up $0.05 during mid-day trading on Friday, reaching $104.48. The company had a trading volume of 195,483 shares, compared to its average volume of 440,453. NESTLE S A/S has a 52 week low of $78.62 and a 52 week high of $114.87. The company has a 50 day moving average of $106.57 and a 200-day moving average of $104.38. The firm has a market cap of $320.47 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.50 and a beta of 0.42.

NESTLE S A/S Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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Institutional Ownership by Quarter for NESTLE S A/S (OTCMKTS:NSRGY)

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