Sit Investment Associates Inc. raised its stake in Nestle SA (OTCMKTS:NSRGY) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,825 shares of the company’s stock after purchasing an additional 5,347 shares during the period. Sit Investment Associates Inc.’s holdings in Nestle were worth $5,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stonebridge Capital Advisors LLC acquired a new stake in Nestle in the third quarter worth about $224,000. White Lighthouse Investment Management Inc. acquired a new stake in Nestle in the fourth quarter worth about $228,000. Hikari Tsushin Inc. acquired a new stake in Nestle in the third quarter worth about $539,000. SevenBridge Financial Group LLC boosted its holdings in Nestle by 4.7% in the third quarter. SevenBridge Financial Group LLC now owns 19,775 shares of the company’s stock worth $1,661,000 after acquiring an additional 895 shares in the last quarter. Finally, Griffin Asset Management Inc. boosted its holdings in Nestle by 79.9% in the third quarter. Griffin Asset Management Inc. now owns 29,286 shares of the company’s stock worth $2,460,000 after acquiring an additional 13,009 shares in the last quarter. Institutional investors own 1.29% of the company’s stock.
Shares of Nestle SA (OTCMKTS NSRGY) opened at $85.10 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.53. Nestle SA has a twelve month low of $72.00 and a twelve month high of $89.40.
Separately, Zacks Investment Research raised Nestle from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.
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Nestle 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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