Lafayette Investments Inc. Maintains Stake in Nestle SA (NSRGY)
Lafayette Investments Inc. continued to hold its position in shares of Nestle SA (NASDAQ:NSRGY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the company’s stock at the end of the fourth quarter. Lafayette Investments Inc.’s holdings in Nestle SA were worth $1,217,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of NSRGY. Gardner Russo & Gardner LLC increased its stake in Nestle SA by 0.7% in the fourth quarter. Gardner Russo & Gardner LLC now owns 15,929,649 shares of the company’s stock valued at $1,142,793,000 after buying an additional 113,048 shares during the period. Marietta Wealth Management LLC acquired a new stake in Nestle SA during the fourth quarter valued at approximately $932,000. Azimuth Capital Management LLC increased its stake in Nestle SA by 2.4% in the fourth quarter. Azimuth Capital Management LLC now owns 4,350 shares of the company’s stock valued at $312,000 after buying an additional 100 shares during the period. Polen Capital Management LLC increased its stake in Nestle SA by 5.3% in the fourth quarter. Polen Capital Management LLC now owns 5,180,631 shares of the company’s stock valued at $372,358,000 after buying an additional 262,689 shares during the period. Finally, Hemenway Trust Co LLC increased its stake in Nestle SA by 1.0% in the fourth quarter. Hemenway Trust Co LLC now owns 136,909 shares of the company’s stock valued at $9,822,000 after buying an additional 1,381 shares during the period.
Nestle SA (NASDAQ:NSRGY) traded down 0.07% during mid-day trading on Thursday, hitting $72.62. 555,834 shares of the stock traded hands. Nestle SA has a 12-month low of $66.08 and a 12-month high of $83.25. The stock has a market cap of $224.03 billion and a PE ratio of 26.08. The company has a 50 day moving average of $73.14 and a 200-day moving average of $74.66.
“Lafayette Investments Inc. Maintains Stake in Nestle SA (NSRGY)” was first published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be viewed at http://www.watchlistnews.com/lafayette-investments-inc-maintains-stake-in-nestle-sa-nsrgy/1120975.html.
Several analysts have recently commented on NSRGY shares. Zacks Investment Research raised shares of Nestle SA from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Liberum Capital downgraded shares of Nestle SA from a “hold” rating to a “sell” rating in a report on Monday, January 30th.
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’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.
Want to see what other hedge funds are holding NSRGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nestle SA (NASDAQ:NSRGY).
Receive News & Ratings for Nestle SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle SA and related companies with Analyst Ratings Network's FREE daily email newsletter.