Jensen Investment Management Inc. continued to hold its stake in Nestle SA (OTCMKTS:NSRGY) during the second quarter, Holdings Channel reports. The firm owned 6,750 shares of the company’s stock at the end of the second quarter. Jensen Investment Management Inc.’s holdings in Nestle SA were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NSRGY. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Nestle SA by 1.5% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 102,050 shares of the company’s stock valued at $7,872,000 after buying an additional 1,513 shares during the period. Gofen & Glossberg LLC IL boosted its position in shares of Nestle SA by 0.8% in the second quarter. Gofen & Glossberg LLC IL now owns 435,836 shares of the company’s stock valued at $33,620,000 after buying an additional 3,289 shares during the period. Abner Herrman & Brock LLC boosted its position in shares of Nestle SA by 2.3% in the second quarter. Abner Herrman & Brock LLC now owns 6,668 shares of the company’s stock valued at $529,000 after buying an additional 147 shares during the period. Grassi Investment Management boosted its position in shares of Nestle SA by 6.3% in the second quarter. Grassi Investment Management now owns 46,962 shares of the company’s stock valued at $3,631,000 after buying an additional 2,800 shares during the period. Finally, Hollencrest Securities LLC boosted its position in shares of Nestle SA by 1.1% in the second quarter. Hollencrest Securities LLC now owns 8,959 shares of the company’s stock valued at $692,000 after buying an additional 97 shares during the period. 1.58% of the stock is owned by institutional investors and hedge funds.

Shares of Nestle SA (OTCMKTS:NSRGY) traded up 1.543% during midday trading on Thursday, reaching $80.605. The company’s stock had a trading volume of 600,527 shares. The company has a market cap of $248.67 billion, a PE ratio of 28.312 and a beta of 0.73. Nestle SA has a 12 month low of $68.00 and a 12 month high of $83.25. The company’s 50-day moving average price is $80.19 and its 200-day moving average price is $76.38.

Several equities analysts have recently weighed in on the company. RBC Capital Markets reiterated a “top pick” rating on shares of Nestle SA in a research report on Thursday, September 8th. Societe Generale reissued a “hold” rating on shares of Nestle SA in a research note on Tuesday, June 28th. Deutsche Bank AG raised Nestle SA from a “hold” rating to a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research lowered Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. raised Nestle SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $89.00.

About Nestle SA

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’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.

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