Maple Capital Management Inc. decreased its holdings in shares of Nestle SA (OTCMKTS:NSRGY) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,448 shares of the company’s stock after selling 1,201 shares during the quarter. Nestle comprises 1.5% of Maple Capital Management Inc.’s holdings, making the stock its 27th largest holding. Maple Capital Management Inc.’s holdings in Nestle were worth $5,970,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NSRGY. SevenBridge Financial Group LLC boosted its position in shares of Nestle by 4.7% during the third quarter. SevenBridge Financial Group LLC now owns 19,775 shares of the company’s stock worth $1,661,000 after buying an additional 895 shares during the period. Lenox Wealth Management Inc. boosted its position in shares of Nestle by 46.6% during the third quarter. Lenox Wealth Management Inc. now owns 36,483 shares of the company’s stock worth $3,064,000 after buying an additional 11,595 shares during the period. Madison Investment Holdings Inc. boosted its position in shares of Nestle by 28.9% during the third quarter. Madison Investment Holdings Inc. now owns 370,912 shares of the company’s stock worth $31,160,000 after buying an additional 83,054 shares during the period. Griffin Asset Management Inc. boosted its position in shares of Nestle by 79.9% during the third quarter. Griffin Asset Management Inc. now owns 29,286 shares of the company’s stock worth $2,460,000 after buying an additional 13,009 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Nestle by 1.2% during the third quarter. Sterling Capital Management LLC now owns 84,802 shares of the company’s stock worth $7,108,000 after buying an additional 980 shares during the period. 1.36% of the stock is owned by institutional investors.
Shares of Nestle SA (OTCMKTS NSRGY) opened at $80.51 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. Nestle SA has a fifty-two week low of $74.29 and a fifty-two week high of $89.40.
Separately, Zacks Investment Research upgraded Nestle from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.
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Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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