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 November 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Nestlé stock on November 25th.

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

• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/25/2024.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $86.36 on Friday. Nestlé S.A. has a 12-month low of $85.01 and a 12-month high of $117.55. The business has a 50 day simple moving average of $94.34 and a 200 day simple moving average of $100.76.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSRGY shares. Citigroup lowered Nestlé from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Barclays restated an “equal weight” rating on shares of Nestlé in a research report on Monday, September 9th. Finally, Royal Bank of Canada upgraded Nestlé from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Nestlé in the third quarter valued at $36,000. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 251.9% in the third quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $130,000 after buying an additional 922 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Nestlé in the second quarter valued at $134,000. Front Row Advisors LLC lifted its holdings in shares of Nestlé by 421.4% in the second quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after buying an additional 1,888 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Nestlé by 61.9% in the second quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after buying an additional 949 shares during the period. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.