Published on 22 Apr 2024 on Insider Monkey via Yahoo Finance

Here’s Why Polen Global Growth Strategy Eliminated Nestlé S.A. (NSRGY)

Polen Capital, an investment management company, released its “Polen Global Growth Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased 8.10% gross and 7.81% net, respectively, trailing the MSCI ACW Index’s 8.20% return. The market dynamics that were in place at the end of last year persisted in many respects during the first quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Polen Global Growth Strategy featured stocks like Nestlé S.A. (OTC:NSRGY) in its Q1 2024 investor letter. Headquartered in Vevey, Switzerland, Nestlé S.A. (OTC:NSRGY) is a food and beverage company. On April 19, 2024, Nestlé S.A. (OTC:NSRGY) stock closed at $104.14 per share. One-month return of Nestlé S.A. (OTC:NSRGY) was -2.99%, and its shares lost 21.24% of their value over the last 52 weeks. Nestlé S.A. (OTC:NSRGY) has a market capitalization of $273.589 billion.