Nestlé S.A. (OTCMKTS:NSRGY) Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 198.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,173 shares of the company’s stock after purchasing an additional 55,298 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Nestlé were worth $9,636,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSRGY. Douglas Lane & Associates LLC boosted its holdings in shares of Nestlé by 1.5% in the 3rd quarter. Douglas Lane & Associates LLC now owns 762,043 shares of the company’s stock valued at $86,417,000 after buying an additional 11,142 shares during the period. Cullen Capital Management LLC boosted its position in Nestlé by 1.1% during the 2nd quarter. Cullen Capital Management LLC now owns 473,241 shares of the company’s stock valued at $56,955,000 after purchasing an additional 5,091 shares during the period. Ancora Advisors LLC grew its stake in Nestlé by 2.4% during the 1st quarter. Ancora Advisors LLC now owns 248,084 shares of the company’s stock worth $30,268,000 after buying an additional 5,875 shares during the last quarter. Beach Investment Counsel Inc. PA increased its position in Nestlé by 15.2% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 191,115 shares of the company’s stock worth $22,099,000 after buying an additional 25,203 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in Nestlé by 2.5% in the third quarter. Bahl & Gaynor Inc. now owns 91,381 shares of the company’s stock valued at $10,363,000 after buying an additional 2,215 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY traded up $2.19 during trading on Friday, reaching $104.14. The company had a trading volume of 1,381,738 shares, compared to its average volume of 699,603. The firm’s fifty day moving average is $105.93 and its 200 day moving average is $110.35. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Nestlé S.A. has a twelve month low of $100.64 and a twelve month high of $131.64.

Analyst Ratings Changes

Several research firms have recently commented on NSRGY. BNP Paribas lowered shares of Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.00.

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.