Kornitzer Capital Management Inc. KS Purchases 55,298 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Kornitzer Capital Management Inc. KS raised its position in Nestlé S.A. (OTCMKTS:NSRGY) by 198.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,173 shares of the company’s stock after buying an additional 55,298 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Nestlé were worth $9,636,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC raised its holdings in shares of Nestlé by 0.8% in the third quarter. Moody Lynn & Lieberson LLC now owns 11,436 shares of the company’s stock valued at $1,294,000 after buying an additional 92 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Nestlé by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,386,000 after purchasing an additional 94 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Nestlé by 0.5% during the fourth quarter. Chartwell Investment Partners LLC now owns 21,034 shares of the company’s stock valued at $2,436,000 after purchasing an additional 107 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Nestlé by 30.8% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. raised its position in Nestlé by 0.8% in the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 20,075 shares of the company’s stock worth $2,272,000 after purchasing an additional 150 shares during the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Stock Up 2.1 %

Shares of NSRGY stock traded up $2.19 during trading hours on Friday, reaching $104.14. The company had a trading volume of 1,381,738 shares, compared to its average volume of 699,603. Nestlé S.A. has a 1-year low of $100.64 and a 1-year high of $131.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.83. The company has a 50 day moving average of $105.93 and a 200 day moving average of $110.35.

Analyst Upgrades and Downgrades

NSRGY has been the topic of a number of recent research reports. BNP Paribas lowered Nestlé from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Nestlé currently has a consensus rating of “Hold” and an average price target of $153.00.

Nestlé 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.