Kornitzer Capital Management Inc. KS Sells 44,538 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Kornitzer Capital Management Inc. KS decreased its position in Nestlé S.A. (OTCMKTS:NSRGY) by 42.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,950 shares of the company’s stock after selling 44,538 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Nestlé were worth $4,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NSRGY. Douglass Winthrop Advisors LLC boosted its holdings in Nestlé by 2.5% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock valued at $104,417,000 after acquiring an additional 24,826 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Nestlé by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107,788 shares of the company’s stock valued at $8,806,000 after acquiring an additional 10,523 shares in the last quarter. Altrius Capital Management Inc boosted its holdings in Nestlé by 2.4% in the third quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock valued at $6,977,000 after acquiring an additional 1,603 shares in the last quarter. Saybrook Capital NC boosted its holdings in Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company’s stock valued at $6,383,000 after acquiring an additional 6,742 shares in the last quarter. Finally, Beddow Capital Management Inc. boosted its holdings in Nestlé by 4.4% in the third quarter. Beddow Capital Management Inc. now owns 61,100 shares of the company’s stock valued at $6,151,000 after acquiring an additional 2,590 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

Nestlé Stock Performance

NSRGY opened at $91.33 on Wednesday. The firm has a 50-day simple moving average of $83.88 and a two-hundred day simple moving average of $92.46. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $113.67. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley raised Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group lowered Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Nestlé presently 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.