Mcintyre Freedman & Flynn Investment Advisers Inc. Sells 2,000 Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Mcintyre Freedman & Flynn Investment Advisers Inc. trimmed its position in Nestlé S.A. (OTCMKTS:NSRGY) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thompson Investment Management Inc. bought a new position in Nestlé during the fourth quarter worth $33,000. Brooklyn Investment Group acquired a new position in Nestlé during the third quarter worth about $36,000. Kohmann Bosshard Financial Services LLC acquired a new position in Nestlé during the fourth quarter worth about $45,000. First Horizon Advisors Inc. grew its holdings 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 worth $130,000 after purchasing an additional 922 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Nestlé during the fourth quarter worth about $386,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Nestlé Trading Up 0.5 %

Shares of OTCMKTS NSRGY opened at $102.44 on Tuesday. 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. 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 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.