Nestle SA $NSRGY Shares Sold by Academy Capital Management

Key Points

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Academy Capital Management lowered its holdings in Nestle SA (OTCMKTS:NSRGY - Free Report) by 43.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 107,858 shares of the company's stock after selling 82,919 shares during the quarter. Nestle comprises 1.9% of Academy Capital Management's investment portfolio, making the stock its 13th biggest holding. Academy Capital Management's holdings in Nestle were worth $10,912,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NSRGY. Ameriflex Group Inc. purchased a new position in shares of Nestle in the 4th quarter valued at about $26,000. Core Alternative Capital purchased a new position in shares of Nestle in the 1st quarter valued at about $29,000. First Horizon Advisors Inc. increased its holdings in shares of Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock valued at $45,000 after acquiring an additional 312 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Nestle in the 1st quarter valued at about $95,000. Finally, Sawyer & Company Inc purchased a new position in Nestle during the 1st quarter worth approximately $132,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $91.00.

Nestle Trading Up 0.7%

Shares of NSRGY stock traded up $0.63 during midday trading on Friday, hitting $94.24. The company had a trading volume of 1,702,425 shares, compared to its average volume of 684,592. The company's 50 day simple moving average is $95.14 and its 200 day simple moving average is $99.15. 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.

Nestle Profile

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.