South Texas Money Management Ltd. Acquires 5,088 Shares of Nestle SA (NSRGY)
South Texas Money Management Ltd. boosted its holdings in Nestle SA (OTCMKTS:NSRGY) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 381,323 shares of the company’s stock after purchasing an additional 5,088 shares during the period. Nestle comprises approximately 1.5% of South Texas Money Management Ltd.’s portfolio, making the stock its 28th largest holding. South Texas Money Management Ltd.’s holdings in Nestle were worth $32,782,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Nestle in the fourth quarter worth $202,000. Stonebridge Capital Advisors LLC bought a new position in shares of Nestle during the third quarter valued at about $224,000. White Lighthouse Investment Management Inc. bought a new position in shares of Nestle during the fourth quarter valued at about $228,000. Harbor Advisory Corp MA bought a new position in shares of Nestle during the fourth quarter valued at about $365,000. Finally, Hikari Tsushin Inc. bought a new position in shares of Nestle during the third quarter valued at about $539,000. 1.38% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Nestle from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th.
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Nestle 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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