Nestlé (OTCMKTS:NSRGY) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Nestlé S.A. (OTCMKTS:NSRGY). In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Nestlé stock on October 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 10/4/2024.

Nestlé Trading Down 1.2 %

Shares of Nestlé stock traded down $1.18 during trading on Wednesday, hitting $98.47. 542,207 shares of the company’s stock traded hands, compared to its average volume of 759,228. Nestlé S.A. has a 1 year low of $96.36 and a 1 year high of $117.55. The business has a 50-day simple moving average of $101.62 and a 200-day simple moving average of $102.93.

Institutional Trading of Nestlé

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. purchased a new stake in shares of Nestlé during the 2nd quarter worth approximately $9,577,000. Douglas Lane & Associates LLC raised its stake in Nestlé by 9.9% during the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock valued at $87,887,000 after purchasing an additional 77,885 shares in the last quarter. Rodgers Brothers Inc. lifted its position in Nestlé by 225.4% during the first quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company’s stock valued at $3,292,000 after purchasing an additional 21,450 shares during the last quarter. Henry James International Management Inc. increased its holdings in shares of Nestlé by 89.6% in the 1st quarter. Henry James International Management Inc. now owns 23,471 shares of the company’s stock worth $2,493,000 after buying an additional 11,093 shares during the last quarter. Finally, Altrius Capital Management Inc raised its position in shares of Nestlé by 11.9% during the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company’s stock valued at $6,936,000 after buying an additional 7,200 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NSRGY has been the subject of several research analyst reports. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. Barclays reissued an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Citigroup cut shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Nestlé has a consensus rating of “Hold”.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Nestlé

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.