Salem Capital Management Inc. raised its stake in shares of Nestle SA (NASDAQ:NSRGY) by 1.8% during the first quarter, Holdings Channel reports. The firm owned 45,737 shares of the company’s stock after buying an additional 825 shares during the period. Nestle SA comprises about 2.0% of Salem Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Salem Capital Management Inc.’s holdings in Nestle SA were worth $3,517,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Gardner Russo & Gardner LLC boosted its position in Nestle SA by 0.7% in the fourth quarter. Gardner Russo & Gardner LLC now owns 15,929,649 shares of the company’s stock valued at $1,142,793,000 after buying an additional 113,048 shares during the period. Polen Capital Management LLC boosted its position in Nestle SA by 5.3% in the fourth quarter. Polen Capital Management LLC now owns 5,180,631 shares of the company’s stock valued at $372,358,000 after buying an additional 262,689 shares during the period. WCM Investment Management CA boosted its position in Nestle SA by 5.3% in the first quarter. WCM Investment Management CA now owns 1,978,215 shares of the company’s stock valued at $152,125,000 after buying an additional 99,155 shares during the period. Douglass Winthrop Advisors LLC boosted its position in Nestle SA by 4.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 759,035 shares of the company’s stock valued at $58,370,000 after buying an additional 29,700 shares during the period. Finally, Thornburg Investment Management Inc. acquired a new position in Nestle SA during the fourth quarter valued at about $17,866,000.
Nestle SA (NASDAQ:NSRGY) traded down 0.73% during midday trading on Thursday, hitting $75.74. The company had a trading volume of 172,739 shares. Nestle SA has a 52 week low of $66.08 and a 52 week high of $83.25. The stock has a 50 day moving average price of $75.85 and a 200 day moving average price of $73.40. The company has a market capitalization of $234.64 billion and a P/E ratio of 27.61.
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Several equities analysts have recently issued reports on NSRGY shares. Zacks Investment Research cut Nestle SA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Liberum Capital cut Nestle SA from a “hold” rating to a “sell” rating in a research note on Monday, January 30th.
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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