Trade Report: The North Star Asset Management Inc. reaches $255,000 position of Nestle SA (NSRGY)

The North Star Asset Management Inc. reaches $255,000 position  of Nestle SA (NSRGY)

North Star Asset Management Inc. decreased its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 3,301 shares of the company’s stock after selling 60 shares during the period. North Star Asset Management Inc.’s holdings in Nestle SA were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. FTB Advisors Inc. increased its position in Nestle SA by 3.5% in the second quarter. FTB Advisors Inc. now owns 1,572 shares of the company’s stock worth $120,000 after buying an additional 53 shares in the last quarter. First National Trust Co. bought a new position in Nestle SA during the second quarter worth $271,000. Cape Cod Five Cents Savings Bank increased its position in Nestle SA by 9.2% in the second quarter. Cape Cod Five Cents Savings Bank now owns 4,582 shares of the company’s stock worth $354,000 after buying an additional 387 shares in the last quarter. Fairfield Bush & CO. increased its position in Nestle SA by 0.5% in the first quarter. Fairfield Bush & CO. now owns 5,795 shares of the company’s stock worth $432,000 after buying an additional 31 shares in the last quarter. Finally, Abner Herrman & Brock LLC increased its position in Nestle SA by 2.3% in the second quarter. Abner Herrman & Brock LLC now owns 6,668 shares of the company’s stock worth $529,000 after buying an additional 147 shares in the last quarter. 1.58% of the stock is currently owned by institutional investors and hedge funds.

Nestle SA (OTCMKTS:NSRGY) traded down 0.40% during midday trading on Wednesday, reaching $75.60. 172,560 shares of the company were exchanged. The firm has a market cap of $233.23 billion, a P/E ratio of 26.58 and a beta of 0.65. The firm’s 50-day moving average is $79.29 and its 200-day moving average is $76.96. Nestle SA has a one year low of $68.00 and a one year high of $83.25.

A number of brokerages have recently commented on NSRGY. Royal Bank Of Canada raised shares of Nestle SA from an “outperform” rating to a “top pick” rating in a research note on Thursday, September 8th. Goldman Sachs Group Inc. raised shares of Nestle SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research raised shares of Nestle SA from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Saturday, August 27th. Deutsche Bank AG raised shares of Nestle SA from a “hold” rating to a “buy” rating in a report on Friday, September 9th. Finally, Societe Generale raised shares of Nestle SA from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.00.

Nestle SA Company Profile

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