Kidder Stephen W lifted its stake in shares of Nestle SA (OTCMKTS:NSRGY) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,572 shares of the company’s stock after purchasing an additional 2,526 shares during the period. Nestle accounts for 3.1% of Kidder Stephen W’s investment portfolio, making the stock its 11th biggest holding. Kidder Stephen W’s holdings in Nestle were worth $8,561,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of NSRGY. SevenBridge Financial Group LLC boosted its holdings in Nestle by 4.7% in the 3rd quarter. SevenBridge Financial Group LLC now owns 19,775 shares of the company’s stock worth $1,661,000 after buying an additional 895 shares during the period. Lenox Wealth Management Inc. boosted its holdings in Nestle by 46.6% in the 3rd quarter. Lenox Wealth Management Inc. now owns 36,483 shares of the company’s stock worth $3,064,000 after buying an additional 11,595 shares during the period. Madison Investment Holdings Inc. boosted its holdings in Nestle by 28.9% in the 3rd quarter. Madison Investment Holdings Inc. now owns 370,912 shares of the company’s stock worth $31,160,000 after buying an additional 83,054 shares during the period. Griffin Asset Management Inc. boosted its holdings in Nestle by 79.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 29,286 shares of the company’s stock worth $2,460,000 after buying an additional 13,009 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in Nestle by 1.2% in the 3rd quarter. Sterling Capital Management LLC now owns 84,802 shares of the company’s stock worth $7,108,000 after buying an additional 980 shares during the period. Institutional investors own 1.38% of the company’s stock.
Nestle SA (NSRGY) opened at $85.28 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. Nestle SA has a fifty-two week low of $72.05 and a fifty-two week high of $89.40.
Separately, Zacks Investment Research raised shares of Nestle from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd.
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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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