Sky Investment Group LLC Has $5.28 Million Position in Nestle SA (NSRGY)

Sky Investment Group LLC cut its stake in Nestle SA (NASDAQ:NSRGY) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 60,551 shares of the company’s stock after selling 478 shares during the period. Nestle SA makes up about 2.2% of Sky Investment Group LLC’s portfolio, making the stock its 11th largest position. Sky Investment Group LLC’s holdings in Nestle SA were worth $5,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lodestar Investment Counsel LLC IL boosted its stake in shares of Nestle SA by 0.3% in the first quarter. Lodestar Investment Counsel LLC IL now owns 315,405 shares of the company’s stock valued at $24,216,000 after buying an additional 960 shares during the last quarter. Windward Capital Management Co. CA boosted its stake in shares of Nestle SA by 29.5% in the first quarter. Windward Capital Management Co. CA now owns 9,637 shares of the company’s stock valued at $740,000 after buying an additional 2,198 shares during the last quarter. South Texas Money Management Ltd. boosted its stake in shares of Nestle SA by 2.5% in the first quarter. South Texas Money Management Ltd. now owns 380,992 shares of the company’s stock valued at $29,298,000 after buying an additional 9,346 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Nestle SA by 102.3% in the first quarter. BB&T Securities LLC now owns 8,900 shares of the company’s stock valued at $684,000 after buying an additional 4,500 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Nestle SA by 3.6% in the second quarter. Confluence Investment Management LLC now owns 165,851 shares of the company’s stock valued at $14,462,000 after buying an additional 5,727 shares during the last quarter.

Shares of Nestle SA (NSRGY) traded down 0.350% during mid-day trading on Monday, hitting $86.825. 546,027 shares of the company’s stock traded hands. The company has a market cap of $268.99 billion and a PE ratio of 30.169. The firm has a 50-day moving average of $84.74 and a 200 day moving average of $77.23. Nestle SA has a 52 week low of $66.08 and a 52 week high of $89.40.

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NSRGY has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Nestle SA from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Berenberg Bank cut shares of Nestle SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, Sanford C. Bernstein reiterated a “hold” rating on shares of Nestle SA in a research report 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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Institutional Ownership by Quarter for Nestle SA (NASDAQ:NSRGY)

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