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

by · The Cerbat Gem

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 Stock Performance

Nestlé stock traded down $0.60 during midday trading on Friday, reaching $85.08. The stock had a trading volume of 1,504,718 shares, compared to its average volume of 1,250,004. The company has a fifty day moving average price of $95.60 and a two-hundred day moving average price of $101.25. Nestlé S.A. has a 12 month low of $85.01 and a 12 month high of $117.55.

Institutional Trading of Nestlé

Institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in shares of Nestlé during the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. raised its stake 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 acquiring an additional 922 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Nestlé in the 2nd quarter worth approximately $134,000. Front Row Advisors LLC boosted its stake in shares of Nestlé by 421.4% in the 2nd quarter. Front Row Advisors LLC now owns 2,336 shares of the company’s stock valued at $239,000 after purchasing an additional 1,888 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Nestlé by 61.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $254,000 after purchasing an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NSRGY. Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating in a report on Monday, September 16th. Citigroup downgraded Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group upgraded shares of Nestlé from an “underperform” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays restated an “equal weight” rating on shares of Nestlé in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Nestlé has an average rating of “Hold”.

Read Our Latest Report on NSRGY

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.

Nestlé Company Profile

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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.

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