Abbrea Capital LLC Takes Position in Nestle SA (NSRGF)

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.

Nestle stock opened at $98.22 on Tuesday. Nestle SA has a fifty-two week low of $73.43 and a fifty-two week high of $99.61.

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Nestle Profile

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).

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