Sky Investment Group LLC decreased its position in Nestlé S.A. (OTCMKTS:NSRGY – Free Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,837 shares of the company’s stock after selling 4,520 shares during the quarter. Nestlé makes up 1.4% of Sky Investment Group LLC’s portfolio, making the stock its 25th biggest position. Sky Investment Group LLC’s holdings in Nestlé were worth $7,836,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NSRGY. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé in the 2nd quarter worth approximately $134,000. Front Row Advisors LLC grew its stake in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock worth $239,000 after acquiring an additional 1,888 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after acquiring an additional 949 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Nestlé during the second quarter valued at $262,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new position in shares of Nestlé in the 2nd quarter worth about $265,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.
Nestlé Price Performance
OTCMKTS NSRGY traded up $0.47 on Tuesday, reaching $99.65. 1,861,266 shares of the stock were exchanged, compared to its average volume of 760,276. Nestlé S.A. has a one year low of $96.36 and a one year high of $117.55. The company’s 50-day simple moving average is $101.70 and its two-hundred day simple moving average is $102.97.
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Nestlé Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.
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