Cobblestone Capital Advisors LLC NY raised its stake in Nestle SA (NASDAQ:NSRGY) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 105,555 shares of the company’s stock after buying an additional 495 shares during the period. Nestle SA comprises approximately 1.2% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 25th largest position. Cobblestone Capital Advisors LLC NY’s holdings in Nestle SA were worth $9,198,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Patten Group Inc. boosted its stake in shares of Nestle SA by 0.7% in the first quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock worth $110,000 after buying an additional 10 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in shares of Nestle SA during the second quarter worth approximately $200,000. Advisor Partners LLC purchased a new stake in shares of Nestle SA during the first quarter worth approximately $204,000. North Star Asset Management Inc. purchased a new stake in shares of Nestle SA during the first quarter worth approximately $212,000. Finally, Vaughan David Investments Inc. IL purchased a new stake in shares of Nestle SA during the first quarter worth approximately $213,000.
Shares of Nestle SA (NASDAQ:NSRGY) traded up 0.11% during trading on Tuesday, hitting $84.58. 191,253 shares of the stock traded hands. The firm has a market cap of $262.03 billion and a price-to-earnings ratio of 27.26. Nestle SA has a 12 month low of $66.08 and a 12 month high of $89.40. The company has a 50 day moving average price of $85.56 and a 200 day moving average price of $80.70.
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A number of analysts have commented on the stock. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Nestle SA in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Nestle SA from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective on the stock in a report on Saturday, July 1st. Finally, Berenberg Bank lowered shares of Nestle SA from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th.
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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