Oxbow Advisors LLC raised its stake in Nestle SA (NASDAQ:NSRGY) by 86.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,317 shares of the company’s stock after buying an additional 24,297 shares during the period. Oxbow Advisors LLC’s holdings in Nestle SA were worth $4,562,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Patten Group Inc. raised its stake in shares of Nestle SA by 0.7% in the first quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock valued at $110,000 after buying an additional 10 shares during the period. Advisor Partners LLC acquired a new stake in shares of Nestle SA during the first quarter valued at $204,000. North Star Asset Management Inc. acquired a new stake in shares of Nestle SA during the first quarter valued at $212,000. Vaughan David Investments Inc. IL acquired a new stake in shares of Nestle SA during the first quarter valued at $213,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Nestle SA during the first quarter valued at $220,000.
Nestle SA (NASDAQ:NSRGY) traded down 0.10% on Tuesday, reaching $86.49. The company had a trading volume of 65,562 shares. Nestle SA has a 12 month low of $66.08 and a 12 month high of $89.40. The firm has a market capitalization of $267.95 billion and a PE ratio of 30.30. The stock has a 50 day moving average of $85.99 and a 200 day moving average of $79.07.
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A number of research firms recently issued reports on NSRGY. Sanford C. Bernstein restated a “hold” rating on shares of Nestle SA in a research note on Saturday, June 17th. Zacks Investment Research upgraded Nestle SA from a “sell” rating to a “hold” rating in a research note on Thursday, March 30th. Finally, Berenberg Bank downgraded Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th.
Nestle SA Company Profile
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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