Nestle SA (NSRGY) Stake Maintained by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. continued to hold its stake in Nestle SA (NASDAQ:NSRGY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,442 shares of the company’s stock at the end of the second quarter. Ferguson Wellman Capital Management Inc.’s holdings in Nestle SA were worth $1,085,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lau Associates LLC acquired a new position in Nestle SA during the first quarter worth approximately $222,000. Park National Corp OH increased its stake in Nestle SA by 6.1% in the first quarter. Park National Corp OH now owns 13,345 shares of the company’s stock worth $1,025,000 after buying an additional 769 shares during the period. Confluence Investment Management LLC increased its stake in Nestle SA by 13.5% in the first quarter. Confluence Investment Management LLC now owns 160,124 shares of the company’s stock worth $12,314,000 after buying an additional 19,055 shares during the period. New England Research & Management Inc. purchased a new stake in Nestle SA during the first quarter worth $738,000. Finally, Douglass Winthrop Advisors LLC increased its stake in Nestle SA by 4.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 759,035 shares of the company’s stock worth $58,370,000 after buying an additional 29,700 shares during the period.

Nestle SA (NSRGY) opened at 83.76 on Friday. The company has a market cap of $259.49 billion and a PE ratio of 27.05. Nestle SA has a 52-week low of $66.08 and a 52-week high of $89.40. The company has a 50-day moving average of $85.64 and a 200 day moving average of $80.51.

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A number of equities research analysts have weighed in on NSRGY shares. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Nestle SA in a report on Saturday, June 17th. Berenberg Bank downgraded Nestle SA from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Zacks Investment Research downgraded Nestle SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th.

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.

Institutional Ownership by Quarter for Nestle SA (NASDAQ:NSRGY)

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