Carret Asset Management LLC cut its stake in shares of Nestle SA (NASDAQ:NSRGY) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,922 shares of the company’s stock after selling 303 shares during the quarter. Carret Asset Management LLC’s holdings in Nestle SA were worth $5,051,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Confluence Investment Management LLC increased its holdings in Nestle SA by 3.6% during the second quarter. Confluence Investment Management LLC now owns 165,851 shares of the company’s stock valued at $14,462,000 after buying an additional 5,727 shares during the period. Murphy Capital Management Inc. increased its holdings in Nestle SA by 1.2% during the second quarter. Murphy Capital Management Inc. now owns 74,584 shares of the company’s stock valued at $6,503,000 after buying an additional 880 shares during the period. Gardiner Nancy B increased its holdings in Nestle SA by 3.0% during the first quarter. Gardiner Nancy B now owns 21,958 shares of the company’s stock valued at $1,689,000 after buying an additional 632 shares during the period. Moody Lynn & Lieberson LLC increased its holdings in Nestle SA by 32.6% during the second quarter. Moody Lynn & Lieberson LLC now owns 9,645 shares of the company’s stock valued at $840,000 after buying an additional 2,370 shares during the period. Finally, Nicholas Company Inc. purchased a new position in Nestle SA during the second quarter valued at approximately $4,367,000.

Shares of Nestle SA (NASDAQ:NSRGY) traded down 0.27% during midday trading on Friday, reaching $84.81. 90,300 shares of the company’s stock traded hands. The stock has a market capitalization of $262.74 billion and a P/E ratio of 26.87. The firm’s 50-day moving average price is $84.37 and its 200 day moving average price is $82.93. Nestle SA has a 1-year low of $66.08 and a 1-year high of $89.40.

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Several brokerages recently issued reports on NSRGY. Sanford C. Bernstein reissued a “hold” rating on shares of Nestle SA in a report on Saturday, June 17th. Zacks Investment Research downgraded shares of Nestle SA from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.

Nestle SA 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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Institutional Ownership by Quarter for Nestle SA (NASDAQ:NSRGY)

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