Nestlé S.A. (OTCMKTS:NSRGY) Shares Purchased by Mengis Capital Management Inc.

Mengis Capital Management Inc. grew its stake in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 304.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,150 shares of the company’s stock after purchasing an additional 16,671 shares during the quarter. Mengis Capital Management Inc.’s holdings in Nestlé were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NSRGY. 1620 Investment Advisors Inc. acquired a new stake in shares of Nestlé in the 2nd quarter valued at about $134,000. Front Row Advisors LLC boosted its holdings in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after acquiring an additional 1,888 shares during the period. GAMMA Investing LLC grew its position in shares of Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after acquiring an additional 949 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Nestlé in the 2nd quarter valued at $262,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in Nestlé in the 2nd quarter valued at $265,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Nestlé Stock Down 1.2 %

Shares of NSRGY opened at $88.50 on Wednesday. The stock’s 50 day moving average is $98.33 and its two-hundred day moving average is $102.04. Nestlé S.A. has a twelve month low of $87.89 and a twelve month high of $117.55.

Wall Street Analysts Forecast Growth

NSRGY has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Nestlé currently has an average rating of “Hold”.

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.