Quadrant Capital Group LLC grew its stake in shares of NESTLE S A/S (OTCMKTS:NSRGY) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,609 shares of the company’s stock after acquiring an additional 2,241 shares during the quarter. NESTLE S A/S comprises approximately 0.5% of Quadrant Capital Group LLC’s portfolio, making the stock its 29th biggest position. Quadrant Capital Group LLC’s holdings in NESTLE S A/S were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its holdings in shares of NESTLE S A/S by 3.4% during the first quarter. Parametric Portfolio Associates LLC now owns 2,562,995 shares of the company’s stock valued at $244,305,000 after acquiring an additional 84,505 shares in the last quarter. Maryland Capital Management bought a new stake in NESTLE S A/S in the 1st quarter worth about $209,000. Hikari Power Ltd increased its holdings in NESTLE S A/S by 2.5% in the 1st quarter. Hikari Power Ltd now owns 227,130 shares of the company’s stock worth $21,650,000 after buying an additional 5,640 shares in the last quarter. Private Capital Group LLC increased its holdings in NESTLE S A/S by 16.8% in the 1st quarter. Private Capital Group LLC now owns 4,796 shares of the company’s stock worth $457,000 after buying an additional 691 shares in the last quarter. Finally, Holistic Financial Partners bought a new stake in NESTLE S A/S in the 1st quarter worth about $388,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.
Several equities research analysts recently commented on the company. HSBC assumed coverage on NESTLE S A/S in a report on Thursday, June 27th. They issued a “hold” rating for the company. Zacks Investment Research upgraded NESTLE S A/S from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Friday, July 5th. Barclays assumed coverage on NESTLE S A/S in a report on Wednesday, April 10th. They issued an “overweight” rating for the company. Finally, Bank of America assumed coverage on NESTLE S A/S in a report on Friday, April 5th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.00.
NESTLE S A/S Company 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.
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