Nestlé (NSRGF) Projected to Post Quarterly Earnings on Thursday

Nestlé (OTCMKTS:NSRGF) is projected to announce 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 Trading Down 0.9%

Shares of Nestlé stock opened at $104.21 on Tuesday. The business’s 50 day moving average price is $100.29 and its 200 day moving average price is $99.44. Nestlé has a one year low of $85.00 and a one year high of $109.37.

Institutional Investors Weigh In On Nestlé

A hedge fund recently bought a new position in Nestlé stock. Atlas Capital Advisors Inc. purchased a new stake in Nestlé S.A. (OTCMKTS:NSRGF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $110,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.

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.