Maple Capital Management Inc. decreased its position in Nestle SA (OTCMKTS:NSRGY) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 investment portfolio, making the stock its 27th largest holding. Maple Capital Management Inc.’s holdings in Nestle were worth $5,970,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NSRGY. Fisher Asset Management LLC boosted its position in shares of Nestle by 29,317.7% in the fourth quarter. Fisher Asset Management LLC now owns 2,909,406 shares of the company’s stock valued at $250,188,000 after acquiring an additional 2,899,516 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Nestle by 9.3% in the third quarter. Parametric Portfolio Associates LLC now owns 1,831,524 shares of the company’s stock valued at $153,866,000 after purchasing an additional 156,274 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Nestle by 0.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 765,862 shares of the company’s stock valued at $65,841,000 after purchasing an additional 2,069 shares in the last quarter. South Texas Money Management Ltd. raised its stake in shares of Nestle by 1.4% in the fourth quarter. South Texas Money Management Ltd. now owns 381,323 shares of the company’s stock valued at $32,782,000 after purchasing an additional 5,088 shares in the last quarter. Finally, Madison Investment Holdings Inc. raised its stake in shares of Nestle by 28.9% in the third quarter. Madison Investment Holdings Inc. now owns 370,912 shares of the company’s stock valued at $31,160,000 after purchasing an additional 83,054 shares in the last quarter. 1.35% of the stock is owned by institutional investors and hedge funds.
Nestle stock traded up $0.54 during mid-day trading on Friday, hitting $79.05. The stock had a trading volume of 724,444 shares, compared to its average volume of 418,863. The stock has a market cap of $244,335.70, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.69 and a beta of 0.56. Nestle SA has a 12 month low of $74.29 and a 12 month high of $89.40.
Separately, Zacks Investment Research lowered Nestle from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd.
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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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