Monetary Management Group Inc. Holds Stake in Nestle SA (NSRGY)
Monetary Management Group Inc. continued to hold its stake in Nestle SA (NASDAQ:NSRGY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,660 shares of the company’s stock at the close of the 2nd quarter. Monetary Management Group Inc.’s holdings in Nestle SA were worth $406,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Patten Group Inc. grew its stake in Nestle SA by 0.7% during the 1st 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 last quarter. Ranger International Management LP bought a new position in Nestle SA during the 2nd quarter worth $180,000. Moloney Securities Asset Management LLC bought a new position in Nestle SA during the 2nd quarter worth $200,000. Farr Miller & Washington LLC DC bought a new position in Nestle SA during the 2nd quarter worth $211,000. Finally, North Star Asset Management Inc. bought a new position in Nestle SA during the 1st quarter worth $212,000.
Shares of Nestle SA (NASDAQ:NSRGY) traded down 0.35% on Friday, reaching $84.74. The company’s stock had a trading volume of 59,943 shares. Nestle SA has a 52 week low of $66.08 and a 52 week high of $89.40. The stock has a 50-day moving average of $84.37 and a 200 day moving average of $82.93. The stock has a market capitalization of $262.52 billion and a price-to-earnings ratio of 26.85.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Nestle SA from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Sanford C. Bernstein restated a “hold” rating on shares of Nestle SA in a research note on Saturday, June 17th.
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Nestle SA 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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