Nestlé S.A. (OTCMKTS:NSRGF – Get Free Report)’s stock price rose 0.4% during trading on Thursday . The stock traded as high as $93.5040 and last traded at $92.94. Approximately 6,972 shares were traded during trading, a decline of 45% from the average daily volume of 12,714 shares. The stock had previously closed at $92.55.
Nestlé Price Performance
The company’s 50-day moving average is $98.22 and its two-hundred day moving average is $95.54.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nestlé stock. Boston Common Asset Management LLC purchased a new position in shares of Nestlé S.A. (OTCMKTS:NSRGF – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 227,519 shares of the company’s stock, valued at approximately $20,895,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.
Nestlé Company Profile
Nestlé SA is a Swiss multinational food and beverage company known for a diverse portfolio of products spanning powdered and liquid beverages, dairy products, infant nutrition, pet care, confectionery, bottled water and prepared foods. The company’s well-recognized brands include Nescafé, Nespresso, KitKat, Purina, Gerber, Maggi and Perrier. Nestlé also operates in specialized nutrition and health science, offering medical-nutrition products and weight-management solutions through its Nutrition division.
Founded in 1866 by pharmacist Henri Nestlé, the company’s origins trace back to the invention of “Farine Lactée,” an early infant cereal.
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