Schafer Cullen Capital Management Inc. Has $76.95 Million Stake in Nestle SA (NSRGY)

Schafer Cullen Capital Management Inc. boosted its stake in Nestle SA (NASDAQ:NSRGY) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,000,621 shares of the company’s stock after buying an additional 6,518 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in Nestle SA were worth $76,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Advisor Partners LLC bought a new stake in shares of Nestle SA during the first quarter valued at about $204,000. Vaughan David Investments Inc. IL bought a new stake in shares of Nestle SA during the first quarter valued at about $213,000. Morse Asset Management Inc bought a new stake in shares of Nestle SA during the first quarter valued at about $220,000. Lau Associates LLC bought a new stake in shares of Nestle SA during the first quarter valued at about $222,000. Finally, Leavell Investment Management Inc. boosted its stake in shares of Nestle SA by 13.3% in the first quarter. Leavell Investment Management Inc. now owns 3,160 shares of the company’s stock valued at $243,000 after buying an additional 370 shares during the last quarter.

Institutional Ownership by Quarter for Nestle SA (NASDAQ:NSRGY)

Shares of Nestle SA (NASDAQ NSRGY) traded up 2.11% during mid-day trading on Friday, reaching $85.70. The company’s stock had a trading volume of 252,852 shares. The firm has a market capitalization of $265.50 billion and a P/E ratio of 30.52. The company’s 50-day moving average is $82.79 and its 200 day moving average is $76.00. Nestle SA has a 1-year low of $66.08 and a 1-year high of $86.85.

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Several analysts have issued reports on NSRGY shares. Zacks Investment Research upgraded Nestle SA from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Berenberg Bank cut Nestle SA from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th.

Nestle SA Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.

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