Academy Capital Management Sells 82,919 Shares of Nestle SA $NSRGY

Key Points

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Academy Capital Management lowered its holdings in Nestle SA (OTCMKTS:NSRGY - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 107,858 shares of the company's stock after selling 82,919 shares during the quarter. Nestle makes up about 1.9% of Academy Capital Management's investment portfolio, making the stock its 13th largest holding. Academy Capital Management's holdings in Nestle were worth $10,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corient IA LLC purchased a new stake in Nestle in the 1st quarter worth approximately $505,000. Mengis Capital Management Inc. lifted its holdings in Nestle by 25.5% in the 1st quarter. Mengis Capital Management Inc. now owns 41,965 shares of the company's stock worth $4,246,000 after buying an additional 8,520 shares during the period. Elefante Mark B bought a new position in shares of Nestle in the 4th quarter worth approximately $1,527,000. Altrius Capital Management Inc raised its position in shares of Nestle by 3.5% in the 1st quarter. Altrius Capital Management Inc now owns 81,440 shares of the company's stock worth $8,239,000 after acquiring an additional 2,753 shares in the last quarter. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Nestle in the 4th quarter worth approximately $822,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestle Stock Up 0.7%

NSRGY stock traded up $0.63 on Friday, reaching $94.24. 1,702,425 shares of the company traded hands, compared to its average volume of 694,007. Nestle SA has a one year low of $80.11 and a one year high of $109.31. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41. The firm has a fifty day simple moving average of $94.96 and a 200-day simple moving average of $99.40.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Nestle from an "underperform" rating to a "hold" rating in a research report on Friday, August 1st. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $91.00.

Nestle Company 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.