Hemenway Trust Co LLC grew its position in Nestle SA (NASDAQ:NSRGY) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 146,954 shares of the company’s stock after acquiring an additional 3,519 shares during the period. Nestle SA accounts for approximately 2.6% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 16th biggest position. Hemenway Trust Co LLC’s holdings in Nestle SA were worth $12,346,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in Nestle SA by 13.7% in the third quarter. Fisher Asset Management LLC now owns 9,890 shares of the company’s stock valued at $829,000 after purchasing an additional 1,188 shares during the period. Eqis Capital Management Inc. increased its holdings in Nestle SA by 12.3% in the third quarter. Eqis Capital Management Inc. now owns 31,815 shares of the company’s stock valued at $2,673,000 after purchasing an additional 3,486 shares during the period. Griffin Asset Management Inc. acquired a new stake in Nestle SA in the second quarter valued at $1,419,000. Atlantic Trust LLC acquired a new stake in Nestle SA in the second quarter valued at $936,000. Finally, Schafer Cullen Capital Management Inc. increased its holdings in Nestle SA by 3.8% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,038,310 shares of the company’s stock valued at $90,541,000 after purchasing an additional 37,689 shares during the period.
Shares of Nestle SA (NASDAQ NSRGY) traded up 0.4204% during mid-day trading on Monday, reaching $82.9975. The company’s stock had a trading volume of 120,873 shares. The firm has a market cap of $257.13 billion and a price-to-earnings ratio of 26.2983. The company’s 50-day moving average is $84.67 and its 200 day moving average is $83.85. Nestle SA has a 12 month low of $66.08 and a 12 month high of $89.40.
Separately, Zacks Investment Research downgraded Nestle SA from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th.
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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