Nestlé (OTCMKTS:NSRGF) Shares Up 2.6% – Time to Buy?

Nestlé S.A. (OTCMKTS:NSRGF) shares traded up 2.6% on Thursday . The stock traded as high as $104.57 and last traded at $103.6280. 3,054 shares changed hands during trading, a decline of 71% from the average session volume of 10,617 shares. The stock had previously closed at $100.9820.

Nestlé Stock Up 2.6%

The firm’s fifty day simple moving average is $97.02 and its 200 day simple moving average is $95.36.

Institutional Investors Weigh In On Nestlé

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Common Asset Management LLC acquired a new stake in shares of Nestlé in the 3rd quarter valued at $20,895,000. Saranac Partners Ltd bought a new stake in shares of Nestlé during the 3rd quarter worth $136,000. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its stake in Nestlé by 2.8% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 26,044 shares of the company’s stock valued at $2,588,000 after buying an additional 718 shares in the last quarter. 27.22% of the stock is currently owned by institutional investors.

Nestlé Company Profile

Nestlé SA is a Swiss multinational food and beverage company known for a diverse portfolio of products spanning powdered and liquid beverages, dairy products, infant nutrition, pet care, confectionery, bottled water and prepared foods. The company’s well-recognized brands include Nescafé, Nespresso, KitKat, Purina, Gerber, Maggi and Perrier. Nestlé also operates in specialized nutrition and health science, offering medical-nutrition products and weight-management solutions through its Nutrition division.

Founded in 1866 by pharmacist Henri Nestlé, the company’s origins trace back to the invention of “Farine Lactée,” an early infant cereal.