Nestlé (OTCMKTS:NSRGF) Trading 1.5% Higher – Time to Buy?

Shares of Nestlé S.A. (OTCMKTS:NSRGF) were up 1.5% during trading on Monday . The company traded as high as $88.75 and last traded at $88.62. Approximately 20,764 shares were traded during trading, a decline of 64% from the average daily volume of 58,208 shares. The stock had previously closed at $87.31.

Nestlé Stock Performance

The firm’s 50 day moving average is $97.31 and its 200 day moving average is $101.70.

Institutional Trading of Nestlé

An institutional investor recently bought a new position in Nestlé stock. Garde Capital Inc. purchased a new stake in shares of Nestlé S.A. (OTCMKTS:NSRGF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 996 shares of the company’s stock, valued at approximately $105,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.