Rep. Josh Gottheimer Sells Nestlé S.A. (OTCMKTS:NSRGY) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Nestlé S.A. OTCMKTS: NSRGY. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nestlé stock on December 16th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Nestlé Stock Performance

Nestlé stock traded down $1.00 during mid-day trading on Thursday, reaching $80.42. The stock had a trading volume of 1,113,582 shares, compared to its average volume of 1,180,919. Nestlé S.A. has a one year low of $80.30 and a one year high of $115.91. The company has a 50-day moving average price of $84.71 and a two-hundred day moving average price of $95.58.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mengis Capital Management Inc. lifted its stake in shares of Nestlé by 304.3% during the 3rd quarter. Mengis Capital Management Inc. now owns 22,150 shares of the company's stock valued at $2,230,000 after buying an additional 16,671 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings in Nestlé by 2.5% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company's stock valued at $104,417,000 after acquiring an additional 24,826 shares during the period. ORG Partners LLC lifted its position in shares of Nestlé by 225.7% in the third quarter. ORG Partners LLC now owns 8,704 shares of the company's stock valued at $876,000 after acquiring an additional 6,032 shares in the last quarter. Saybrook Capital NC boosted its stake in shares of Nestlé by 11.9% in the third quarter. Saybrook Capital NC now owns 63,401 shares of the company's stock worth $6,383,000 after acquiring an additional 6,742 shares during the period. Finally, Douglas Lane & Associates LLC grew its position in shares of Nestlé by 6.4% during the third quarter. Douglas Lane & Associates LLC now owns 916,418 shares of the company's stock worth $92,299,000 after purchasing an additional 55,367 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BNP Paribas upgraded shares of Nestlé from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upgraded Nestlé to a "strong-buy" rating in a research note on Tuesday, December 17th. Citigroup downgraded Nestlé from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group cut shares of Nestlé from a "hold" rating to an "underperform" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.