Sit Investment Associates Inc. boosted its stake in Nestle SA (OTCMKTS:NSRGY) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,825 shares of the company’s stock after acquiring an additional 5,347 shares during the period. Sit Investment Associates Inc.’s holdings in Nestle were worth $5,917,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Stonebridge Capital Advisors LLC bought a new stake in shares of Nestle during the 3rd quarter valued at $224,000. White Lighthouse Investment Management Inc. bought a new stake in shares of Nestle during the 4th quarter valued at $228,000. Hikari Tsushin Inc. bought a new stake in shares of Nestle during the 3rd quarter valued at $539,000. SevenBridge Financial Group LLC boosted its holdings in shares of Nestle by 4.7% during the 3rd quarter. SevenBridge Financial Group LLC now owns 19,775 shares of the company’s stock valued at $1,661,000 after buying an additional 895 shares in the last quarter. Finally, Griffin Asset Management Inc. boosted its holdings in shares of Nestle by 79.9% during the 3rd quarter. Griffin Asset Management Inc. now owns 29,286 shares of the company’s stock valued at $2,460,000 after buying an additional 13,009 shares in the last quarter. Hedge funds and other institutional investors own 1.29% of the company’s stock.
Nestle SA (OTCMKTS:NSRGY) opened at $85.60 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.53 and a current ratio of 0.79. Nestle SA has a 52-week low of $72.00 and a 52-week high of $89.40.
Separately, Zacks Investment Research lowered Nestle from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th.
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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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