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

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 Trading Up 1.2 %

OTCMKTS NSRGY opened at $86.36 on Friday. The firm’s 50 day moving average price is $94.34 and its two-hundred day moving average price is $100.76. Nestlé S.A. has a twelve month low of $85.01 and a twelve month high of $117.55.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Nestlé

Several institutional investors have recently bought and sold shares of the stock. Raelipskie Partnership raised its position in shares of Nestlé by 6.2% in the first 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 raised its holdings in Nestlé by 61.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock worth $254,000 after acquiring an additional 949 shares during the period. Douglas Lane & Associates LLC lifted its position in Nestlé by 9.9% during the 2nd 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 bought a new stake in Nestlé during the second quarter valued at about $592,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Nestlé in the second 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.

Nestlé Company Profile

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.