Scout Investments Inc. decreased its stake in Nestle SA (NASDAQ:NSRGY) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,232 shares of the company’s stock after selling 36,970 shares during the period. Scout Investments Inc.’s holdings in Nestle SA were worth $20,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSRGY. Patten Group Inc. increased its position 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. Moloney Securities Asset Management LLC bought a new stake in Nestle SA during the second quarter worth $200,000. Advisor Partners LLC bought a new stake in Nestle SA during the first quarter worth $204,000. North Star Asset Management Inc. bought a new stake in Nestle SA during the first quarter worth $212,000. Finally, Vaughan David Investments Inc. IL bought a new stake in Nestle SA during the first quarter worth $213,000.

Shares of Nestle SA (NSRGY) opened at 84.49 on Thursday. Nestle SA has a 12-month low of $66.08 and a 12-month high of $89.40. The company has a 50-day moving average price of $85.42 and a 200-day moving average price of $80.91. The firm has a market capitalization of $261.75 billion and a P/E ratio of 27.18.

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A number of analysts recently weighed in on the company. Sanford C. Bernstein restated a “hold” rating on shares of Nestle SA in a report on Saturday, June 17th. Zacks Investment Research downgraded Nestle SA from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Berenberg Bank downgraded Nestle SA from a “buy” rating to a “hold” rating in a 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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Institutional Ownership by Quarter for Nestle SA (NASDAQ:NSRGY)

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