Cheviot Value Management LLC Purchases 1,057 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Cheviot Value Management LLC boosted its holdings in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 23.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,624 shares of the company’s stock after buying an additional 1,057 shares during the quarter. Cheviot Value Management LLC’s holdings in Nestlé were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. DF Dent & Co. Inc. grew its position in shares of Nestlé by 193.6% in the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock valued at $588,000 after purchasing an additional 4,742 shares during the period. Hantz Financial Services Inc. boosted its position in Nestlé by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after purchasing an additional 10,523 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Nestlé during the 4th quarter worth approximately $386,000. Altrius Capital Management Inc raised its stake in shares of Nestlé by 13.5% during the 4th quarter. Altrius Capital Management Inc now owns 78,687 shares of the company’s stock worth $6,429,000 after purchasing an additional 9,381 shares in the last quarter. Finally, Beddow Capital Management Inc. grew its stake in shares of Nestlé by 7.5% in the fourth quarter. Beddow Capital Management Inc. now owns 65,658 shares of the company’s stock valued at $5,364,000 after buying an additional 4,558 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSRGY. BNP Paribas cut Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Royal Bank of Canada downgraded Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target for the company. in a report on Friday, April 4th. Finally, Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.00.

Nestlé Stock Down 0.3 %

OTCMKTS:NSRGY opened at $105.43 on Friday. Nestlé S.A. has a 12 month low of $80.11 and a 12 month high of $110.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. The firm has a fifty day simple moving average of $101.12 and a two-hundred day simple moving average of $92.22.

Nestlé 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.