Rep. Marjorie Taylor Greene Buys Nestlé S.A. (OTCMKTS:NSRGY) Stock

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 Price Performance

Shares of Nestlé stock opened at $98.34 on Thursday. Nestlé S.A. has a 52 week low of $96.36 and a 52 week high of $117.55. The business has a 50 day moving average price of $101.52 and a 200-day moving average price of $102.90.

Institutional Trading of Nestlé

Several hedge funds have recently made changes to their positions in NSRGY. 1620 Investment Advisors Inc. purchased a new stake in shares of Nestlé during the 2nd quarter valued at approximately $134,000. Front Row Advisors LLC boosted 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 worth $239,000 after acquiring an additional 1,888 shares during the period. GAMMA Investing LLC grew its position 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 purchasing an additional 949 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Nestlé during the 2nd quarter valued at $262,000. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in Nestlé during the 2nd quarter worth about $265,000. 0.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on NSRGY shares. UBS Group lowered shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Berenberg Bank lowered Nestlé from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Morgan Stanley downgraded Nestlé from an “equal weight” rating to an “underweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut Nestlé from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Nestlé currently 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.