Maple Capital Management Inc. decreased its position in shares of Nestle SA (NASDAQ:NSRGY) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,802 shares of the company’s stock after selling 2,541 shares during the period. Nestle SA accounts for about 1.9% of Maple Capital Management Inc.’s portfolio, making the stock its 21st largest position. Maple Capital Management Inc.’s holdings in Nestle SA were worth $6,523,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Lodestar Investment Counsel LLC IL raised its stake in shares of Nestle SA by 0.3% in the first quarter. Lodestar Investment Counsel LLC IL now owns 315,405 shares of the company’s stock worth $24,216,000 after buying an additional 960 shares during the last quarter. Windward Capital Management Co. CA raised its position in Nestle SA by 29.5% in the first quarter. Windward Capital Management Co. CA now owns 9,637 shares of the company’s stock worth $740,000 after buying an additional 2,198 shares in the last quarter. South Texas Money Management Ltd. raised its position in Nestle SA by 2.5% in the first quarter. South Texas Money Management Ltd. now owns 380,992 shares of the company’s stock worth $29,298,000 after buying an additional 9,346 shares in the last quarter. BB&T Securities LLC raised its position in Nestle SA by 102.3% in the first quarter. BB&T Securities LLC now owns 8,900 shares of the company’s stock worth $684,000 after buying an additional 4,500 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in Nestle SA by 3.6% in the second quarter. Confluence Investment Management LLC now owns 165,851 shares of the company’s stock worth $14,462,000 after buying an additional 5,727 shares in the last quarter.
Nestle SA (NASDAQ NSRGY) traded up 0.51% during trading on Wednesday, hitting $87.25. The company had a trading volume of 254,392 shares. The stock has a market capitalization of $270.30 billion and a price-to-earnings ratio of 30.62. Nestle SA has a 1-year low of $66.08 and a 1-year high of $89.40. The company’s 50 day moving average price is $85.78 and its 200-day moving average price is $78.68.
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A number of equities analysts recently commented on the company. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Nestle SA in a research note on Saturday, June 17th. Zacks Investment Research raised Nestle SA from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective on the stock in a research note on Saturday, July 1st. Finally, Berenberg Bank lowered Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th.
About Nestle SA
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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