Nestle SA (NSRGY) Stake Raised by Leavell Investment Management Inc.
Leavell Investment Management Inc. raised its stake in Nestle SA (NASDAQ:NSRGY) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 3,260 shares of the company’s stock after buying an additional 100 shares during the period. Leavell Investment Management Inc.’s holdings in Nestle SA were worth $284,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of NSRGY. Lau Associates LLC acquired a new position in Nestle SA during the first quarter valued at $222,000. Park National Corp OH increased its position in Nestle SA by 6.1% in the first quarter. Park National Corp OH now owns 13,345 shares of the company’s stock valued at $1,025,000 after buying an additional 769 shares during the last quarter. Confluence Investment Management LLC increased its position in Nestle SA by 13.5% in the first quarter. Confluence Investment Management LLC now owns 160,124 shares of the company’s stock valued at $12,314,000 after buying an additional 19,055 shares during the last quarter. New England Research & Management Inc. acquired a new position in Nestle SA during the first quarter valued at $738,000. Finally, Douglass Winthrop Advisors LLC increased its position in Nestle SA by 4.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 759,035 shares of the company’s stock valued at $58,370,000 after buying an additional 29,700 shares during the last quarter.
Nestle SA (NSRGY) opened at 87.13 on Monday. Nestle SA has a 52 week low of $66.08 and a 52 week high of $89.40. The stock has a market cap of $269.93 billion and a PE ratio of 30.27. The company’s 50-day moving average is $84.74 and its 200 day moving average is $77.23.
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NSRGY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Nestle SA from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Berenberg Bank cut shares of Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of Nestle SA in a research note on Saturday, June 17th.
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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