4,337 Shares in Nestle SA (NASDAQ:NSRGY) Acquired by Summit Financial Group Inc.

Summit Financial Group Inc. acquired a new position 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 acquired 4,337 shares of the company’s stock, valued at approximately $378,000.

Other large investors have also modified their holdings of the company. Gardner Russo & Gardner LLC increased its stake in Nestle SA by 0.4% in the first quarter. Gardner Russo & Gardner LLC now owns 15,989,885 shares of the company’s stock worth $1,229,622,000 after buying an additional 60,236 shares during the last quarter. Polen Capital Management LLC increased its stake in Nestle SA by 10.8% in the first quarter. Polen Capital Management LLC now owns 5,742,173 shares of the company’s stock worth $440,867,000 after buying an additional 561,542 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in Nestle SA by 51.6% in the first quarter. Fiduciary Management Inc. WI now owns 5,441,527 shares of the company’s stock worth $418,453,000 after buying an additional 1,852,978 shares during the last quarter. WCM Investment Management CA increased its stake in Nestle SA by 5.3% in the first quarter. WCM Investment Management CA now owns 1,978,215 shares of the company’s stock worth $152,125,000 after buying an additional 99,155 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Nestle SA by 8.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,496,099 shares of the company’s stock worth $115,050,000 after buying an additional 122,383 shares during the last quarter.

Nestle SA (NSRGY) traded down 0.12% on Friday, hitting $83.76. The stock had a trading volume of 228,802 shares. The firm has a market cap of $259.49 billion and a price-to-earnings ratio of 26.99. The company’s 50 day moving average price is $85.64 and its 200 day moving average price is $80.51. Nestle SA has a 52-week low of $66.08 and a 52-week high of $89.40.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Nestle SA from a “hold” rating to a “strong-buy” rating and set a $101.00 price target on the stock in a research report on Saturday, July 1st. Berenberg Bank downgraded 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 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.

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

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