Abbrea Capital LLC bought a new position in Nestle SA (OTCMKTS:NSRGF) during the 1st quarter, HoldingsChannel.com reports. The fund bought 2,370 shares of the company’s stock, valued at approximately $226,000.
Separately, Enterprise Financial Services Corp purchased a new position in shares of Nestle in the first quarter worth approximately $48,000.
Several research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Nestle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $106.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Nestle in a research report on Tuesday, February 26th.
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
See Also: QQQ ETF
Want to see what other hedge funds are holding NSRGF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nestle SA (OTCMKTS:NSRGF).
Receive News & Ratings for Nestle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle and related companies with MarketBeat.com's FREE daily email newsletter.