Nestlé (OTCMKTS:NSRGF – Get Free Report) is expected to post its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $2.52 per share and revenue of $53.2377 billion for the quarter.
Nestlé Stock Down 0.7%
OTCMKTS:NSRGF opened at $103.50 on Wednesday. Nestlé has a 52-week low of $85.00 and a 52-week high of $109.37. The stock has a fifty day simple moving average of $100.36 and a 200-day simple moving average of $99.46.
Hedge Funds Weigh In On Nestlé
A hedge fund recently bought a new stake in Nestlé stock. Atlas Capital Advisors Inc. purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGF – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $110,000. 27.22% of the stock is owned by hedge funds and other institutional investors.
About Nestlé
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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