Rep. Marjorie Taylor Greene Acquires Shares of Nestlé S.A. (OTCMKTS:NSRGY)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Nestlé S.A. (OTCMKTS:NSRGY). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in Nestlé stock on November 20th.

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

• Purchased $1,001 – $15,000 in shares of Southern Copper (NYSE:SCCO) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/20/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 11/7/2024.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 11/7/2024.

Nestlé Price Performance

OTCMKTS:NSRGY opened at $85.08 on Friday. Nestlé S.A. has a 12 month low of $85.01 and a 12 month high of $117.55. The business’s 50-day moving average is $95.60 and its two-hundred day moving average is $101.25.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NSRGY shares. Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 16th. Barclays reissued an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Citigroup lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada upgraded shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raelipskie Partnership boosted its position in Nestlé by 6.2% during the 1st quarter. Raelipskie Partnership now owns 16,677 shares of the company’s stock valued at $1,771,000 after purchasing an additional 980 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Nestlé by 61.9% during the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after acquiring an additional 949 shares during the period. Douglas Lane & Associates LLC grew its position in shares of Nestlé by 9.9% during the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company’s stock worth $87,887,000 after acquiring an additional 77,885 shares during the last quarter. Boit C F David acquired a new stake in shares of Nestlé in the 2nd quarter worth about $592,000. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in Nestlé in the 2nd quarter valued at about $265,000. 0.61% of the stock is currently owned by institutional investors.

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.