Nestlé S.A. (OTCMKTS:NSRGF – Get Free Report)’s stock price rose 0.4% during trading on Thursday . The company traded as high as $93.5040 and last traded at $92.94. Approximately 6,972 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 12,714 shares. The stock had previously closed at $92.55.
Nestlé Trading Up 0.4%
The firm’s fifty day moving average price is $98.22 and its two-hundred day moving average price is $95.54.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Nestlé stock. Saranac Partners Ltd acquired a new stake in Nestlé S.A. (OTCMKTS:NSRGF – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,486 shares of the company’s stock, valued at approximately $136,000. Institutional investors and hedge funds 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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