Mengis Capital Management Inc. Has $4.25 Million Position in Nestle SA (OTCMKTS:NSRGY)

Key Points

• Mengis Capital Management Inc. increased its holdings in Nestle SA by 25.5%, now owning 41,965 shares valued at approximately $4.25 million.
• Several institutional investors have recently established new positions in Nestle, indicating growing interest in the company's stock among large funds.
• Brokerages have downgraded Nestle's stock ratings, with Morgan Stanley offering a price target of $91.00 and a consensus rating of "Hold".

Mengis Capital Management Inc. increased its stake in Nestle SA (OTCMKTS:NSRGY - Free Report) by 25.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,965 shares of the company's stock after acquiring an additional 8,520 shares during the period. Mengis Capital Management Inc.'s holdings in Nestle were worth $4,246,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. DF Dent & Co. Inc. lifted its position in Nestle by 193.6% during the fourth quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company's stock valued at $588,000 after buying an additional 4,742 shares in the last quarter. Beck Mack & Oliver LLC lifted its position in shares of Nestle by 10.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 18,240 shares of the company's stock worth $1,490,000 after purchasing an additional 1,790 shares in the last quarter. Cheviot Value Management LLC lifted its position in shares of Nestle by 23.1% during the fourth quarter. Cheviot Value Management LLC now owns 5,624 shares of the company's stock worth $459,000 after purchasing an additional 1,057 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Nestle by 0.3% during the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock worth $6,102,000 after purchasing an additional 239 shares in the last quarter. Finally, Elefante Mark B acquired a new position in shares of Nestle during the fourth quarter worth $1,527,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestle Stock Up 1.0%

Shares of OTCMKTS NSRGY traded up $0.86 during trading hours on Monday, hitting $88.18. The stock had a trading volume of 352,661 shares, compared to its average volume of 687,489. The firm's 50-day moving average price is $99.63 and its two-hundred day moving average price is $98.78. Nestle SA has a 52 week low of $80.11 and a 52 week high of $109.31. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NSRGY. Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a research note on Friday. BNP Paribas lowered shares of Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $91.00.

About Nestle

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.