Nestlé (OTCMKTS:NSRGF) Shares Up 2.6% – Still a Buy?

Shares of Nestlé S.A. (OTCMKTS:NSRGF) traded up 2.6% on Thursday . The stock traded as high as $104.57 and last traded at $103.6280. 3,054 shares changed hands during trading, a decline of 71% from the average session volume of 10,617 shares. The stock had previously closed at $100.9820.

Nestlé Price Performance

The company’s 50 day moving average is $97.02 and its 200 day moving average is $95.36.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Boston Common Asset Management LLC bought a new position in Nestlé during the 3rd quarter worth $20,895,000. Saranac Partners Ltd acquired a new stake in shares of Nestlé during the 3rd quarter worth $136,000. Finally, Generali Investments CEE investicni spolecnost a.s. increased its position in shares of Nestlé by 2.8% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 26,044 shares of the company’s stock worth $2,588,000 after purchasing an additional 718 shares during the period. 27.22% of the stock is owned by institutional investors.

Nestlé Company Profile

Nestlé SA is a Swiss multinational food and beverage company known for a diverse portfolio of products spanning powdered and liquid beverages, dairy products, infant nutrition, pet care, confectionery, bottled water and prepared foods. The company’s well-recognized brands include Nescafé, Nespresso, KitKat, Purina, Gerber, Maggi and Perrier. Nestlé also operates in specialized nutrition and health science, offering medical-nutrition products and weight-management solutions through its Nutrition division.

Founded in 1866 by pharmacist Henri Nestlé, the company’s origins trace back to the invention of “Farine Lactée,” an early infant cereal.