1 week Ago By ABMN Staff
SVB Wealth LLC lowered its stake in Nestlé S.A. ( OTCMKTS:NSRGY – Free Report ) by 4.
0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,654 shares of the company’s stock after selling 531 shares during the quarter. SVB Wealth LLC’s holdings in Nestlé were worth $1,296,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new position in shares of Nestlé during the 2nd quarter worth $134,000.
Accent Capital Management LLC purchased a new position in shares of Nestlé during the 4th quarter worth $241,000. GAMMA Investing LLC raised its holdings in shares of Nestlé by 61.9% during the 2nd quarter.
GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after acquiring an additional 949 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Nestlé during the 2nd quarter worth $262,000.
Finally, Burke & Herbert Bank & Trust Co. purchased a new position in shares of Nestlé during the 2nd quarter worth $265,000. Institutional investors and hedge funds own 0.
61% of the company’s stock. Wall Street Analyst Weigh In Several analysts recently issued reports on the stock. JPMorgan Chase & Co.
lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a report on Thursday, May 23rd. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lowered shares of Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th.
Jefferies Financial Group raised Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Berenberg Bank downgraded Nestlé from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock.
According to data from MarketBeat.com, Nestlé has an average rating of “Hold”. Nestlé Stock Performance NSRGY opened at $104.
02 on Monday. Nestlé S.A.
has a one year low of $99.02 and a one year high of $119.94.
The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.
26. The business’s 50-day simple moving average is $103.68 and its 200-day simple moving average is $104.
29. About Nestlé ( Free Report ) Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments.
It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands. Featured Articles Receive News & Ratings for Nestlé Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestlé and related companies with MarketBeat.
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