Eqis Capital Management Inc. lifted its stake in Nestle SA (NASDAQ:NSRGY) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,815 shares of the company’s stock after acquiring an additional 3,486 shares during the period. Eqis Capital Management Inc.’s holdings in Nestle SA were worth $2,673,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gardiner Nancy B grew its stake in Nestle SA by 3.0% during the 1st quarter. Gardiner Nancy B now owns 21,958 shares of the company’s stock worth $1,689,000 after buying an additional 632 shares during the last quarter. North Star Asset Management Inc. purchased a new stake in Nestle SA during the 1st quarter valued at about $212,000. Patten Group Inc. grew its stake in Nestle SA by 0.7% during the 1st quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock valued at $110,000 after purchasing an additional 10 shares during the last quarter. Beacon Financial Group grew its stake in Nestle SA by 1.0% during the 2nd quarter. Beacon Financial Group now owns 63,394 shares of the company’s stock valued at $5,560,000 after purchasing an additional 610 shares during the last quarter. Finally, Alta Capital Management LLC grew its stake in Nestle SA by 1.6% during the 2nd quarter. Alta Capital Management LLC now owns 20,524 shares of the company’s stock valued at $1,788,000 after purchasing an additional 333 shares during the last quarter.
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Separately, Zacks Investment Research downgraded Nestle SA from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.
Shares of Nestle SA (NASDAQ NSRGY) traded down 0.73% during mid-day trading on Friday, hitting $82.60. The stock had a trading volume of 211,960 shares. The firm has a market cap of $255.89 billion and a PE ratio of 26.17. Nestle SA has a 52-week low of $66.08 and a 52-week high of $89.40. The firm has a 50 day moving average price of $84.77 and a 200 day moving average price of $83.80.
About Nestle SA
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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