Page Arthur B cut its stake in shares of Nestle SA (NASDAQ:NSRGY) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,607 shares of the company’s stock after selling 335 shares during the period. Nestle SA makes up approximately 2.6% of Page Arthur B’s portfolio, making the stock its 16th largest position. Page Arthur B’s holdings in Nestle SA were worth $3,019,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Fiduciary Management Inc. WI raised its position in shares of Nestle SA by 51.6% in the first quarter. Fiduciary Management Inc. WI now owns 5,441,527 shares of the company’s stock worth $418,453,000 after buying an additional 1,852,978 shares during the period. Polen Capital Management LLC raised its position in shares of Nestle SA by 10.8% in the first quarter. Polen Capital Management LLC now owns 5,742,173 shares of the company’s stock worth $440,867,000 after buying an additional 561,542 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Nestle SA by 8.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,496,099 shares of the company’s stock worth $115,050,000 after buying an additional 122,383 shares during the period. WCM Investment Management CA raised its position in shares of Nestle SA by 5.3% in the first quarter. WCM Investment Management CA now owns 1,978,215 shares of the company’s stock worth $152,125,000 after buying an additional 99,155 shares during the period. Finally, Staley Capital Advisers Inc. raised its position in shares of Nestle SA by 585.0% in the first quarter. Staley Capital Advisers Inc. now owns 95,210 shares of the company’s stock worth $7,322,000 after buying an additional 81,310 shares during the period.
Shares of Nestle SA (NSRGY) traded down 0.12% during trading on Friday, hitting $83.76. 228,802 shares of the stock were exchanged. The stock’s 50 day moving average price is $85.64 and its 200 day moving average price is $80.51. Nestle SA has a one year low of $66.08 and a one year high of $89.40. The stock has a market cap of $259.49 billion and a PE ratio of 27.05.
A number of brokerages have recently issued reports on NSRGY. Sanford C. Bernstein restated a “hold” rating on shares of Nestle SA in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of Nestle SA from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Berenberg Bank lowered shares of Nestle SA from a “buy” rating to a “hold” rating in a research report 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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