Todays Report: The North Star Asset Management Inc. decides to keep it stake in Nestle SA (NSRGY) to the level of $251,000

The North Star Asset Management Inc. decides to keep it stake in Nestle SA (NSRGY) to the level of $251,000

North Star Asset Management Inc. held its stake in Nestle SA (OTCMKTS:NSRGY) during the second quarter, Holdings Channel reports. The fund owned 3,361 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Nestle SA were worth $251,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Associated Banc Corp raised its stake in Nestle SA by 15.0% in the first quarter. Associated Banc Corp now owns 10,966 shares of the company’s stock valued at $823,000 after buying an additional 1,430 shares during the last quarter. Motley Fool Wealth Management LLC raised its stake in Nestle SA by 10.0% in the first quarter. Motley Fool Wealth Management LLC now owns 64,918 shares of the company’s stock valued at $4,844,000 after buying an additional 5,877 shares during the last quarter. Fairfield Bush & CO. raised its stake in Nestle SA by 0.5% in the first quarter. Fairfield Bush & CO. now owns 5,795 shares of the company’s stock valued at $432,000 after buying an additional 31 shares during the last quarter. Lebenthal Asset Management LLC acquired a new stake in Nestle SA during the first quarter valued at $1,220,000. Finally, Gardiner Nancy B raised its stake in Nestle SA by 7.5% in the first quarter. Gardiner Nancy B now owns 12,009 shares of the company’s stock valued at $896,000 after buying an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 1.58% of the company’s stock.

Nestle SA (OTCMKTS:NSRGY) traded down 0.40% during trading on Wednesday, hitting $75.60. 194,848 shares of the stock traded hands. Nestle SA has a one year low of $68.00 and a one year high of $83.25. The stock has a market cap of $233.23 billion, a PE ratio of 26.58 and a beta of 0.65. The company has a 50-day moving average price of $79.29 and a 200 day moving average price of $76.96.

NSRGY has been the subject of several recent research reports. Zacks Investment Research lowered shares of Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Societe Generale reiterated a “hold” rating on shares of Nestle SA in a research note on Tuesday, June 28th. Morgan Stanley reiterated an “overweight” rating on shares of Nestle SA in a research note on Tuesday, July 5th. Royal Bank Of Canada upgraded shares of Nestle SA from an “outperform” rating to a “top pick” rating in a research note on Thursday, September 8th. Finally, RBC Capital Markets reiterated a “top pick” rating on shares of Nestle SA in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $89.00.

Nestle SA Company Profile

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