Nestlé S.A. (OTCMKTS:NSRGY) Stock Holdings Increased by Kornitzer Capital Management Inc. KS

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

Other large investors have also recently modified their holdings of the company. Vestor Capital LLC purchased a new stake in shares of Nestlé in the 2nd quarter worth $36,000. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 30.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 510 shares of the company's stock worth $58,000 after buying an additional 120 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Nestlé in the 4th quarter worth $69,000. Operose Advisors LLC purchased a new stake in shares of Nestlé in the 3rd quarter worth $82,000. Finally, Fishman Jay A Ltd. MI purchased a new stake in shares of Nestlé in the 2nd quarter worth $223,000. Institutional investors own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada upgraded Nestlé from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, February 27th. BNP Paribas cut Nestlé from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $153.00.

Nestlé Price Performance

NSRGY stock traded up $2.19 during trading on Friday, hitting $104.14. 1,381,738 shares of the company traded hands, compared to its average volume of 699,603. The stock's 50-day simple moving average is $105.93 and its 200 day simple moving average is $110.34. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26. Nestlé S.A. has a 1 year low of $100.64 and a 1 year high of $131.64.

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.