Mcintyre Freedman & Flynn Investment Advisers Inc. Decreases Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Mcintyre Freedman & Flynn Investment Advisers Inc. trimmed its position in shares of Nestlé S.A. (OTCMKTS:NSRGY) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,900 shares of the company’s stock after selling 2,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Nestlé were worth $1,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thompson Investment Management Inc. bought a new position in Nestlé during the 4th quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Nestlé in the 3rd quarter worth approximately $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Nestlé during the fourth quarter valued at approximately $45,000. First Horizon Advisors Inc. boosted its position in shares of Nestlé by 251.9% during the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after purchasing an additional 922 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé during the fourth quarter valued at approximately $386,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on NSRGY shares. BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upgraded Nestlé to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Nestlé Trading Up 0.5 %

Shares of NSRGY opened at $102.44 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé S.A. has a 52 week low of $80.11 and a 52 week high of $110.46. The business has a 50-day simple moving average of $88.06 and a two-hundred day simple moving average of $91.95.

Nestlé 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.