Murphy Capital Management Inc. raised its stake in Nestle SA (NASDAQ:NSRGY) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,584 shares of the company’s stock after buying an additional 880 shares during the period. Murphy Capital Management Inc.’s holdings in Nestle SA were worth $6,503,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lau Associates LLC acquired a new position in shares of Nestle SA during the first quarter valued at approximately $222,000. Park National Corp OH boosted its position in Nestle SA by 6.1% in the first quarter. Park National Corp OH now owns 13,345 shares of the company’s stock valued at $1,025,000 after buying an additional 769 shares during the period. Confluence Investment Management LLC boosted its position in Nestle SA by 13.5% in the first quarter. Confluence Investment Management LLC now owns 160,124 shares of the company’s stock valued at $12,314,000 after buying an additional 19,055 shares during the period. New England Research & Management Inc. bought a new position in Nestle SA during the first quarter valued at $738,000. Finally, Douglass Winthrop Advisors LLC boosted its position in Nestle SA by 4.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 759,035 shares of the company’s stock valued at $58,370,000 after buying an additional 29,700 shares during the period.
Shares of Nestle SA (NSRGY) traded down 0.12% during mid-day trading on Friday, hitting $83.76. 228,802 shares of the company’s stock traded hands. The company has a market cap of $259.49 billion and a PE ratio of 27.05. The firm has a 50-day moving average of $85.64 and a 200 day moving average of $80.51. Nestle SA has a 52 week low of $66.08 and a 52 week high of $89.40.
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Several research analysts recently weighed in on NSRGY shares. Zacks Investment Research upgraded shares of Nestle SA from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, April 20th. 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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