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

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 NSRGY stock traded down $0.13 on Wednesday, hitting $98.34. The stock had a trading volume of 530,318 shares, compared to its average volume of 758,111. Nestlé S.A. has a twelve month low of $96.36 and a twelve month high of $117.55. The company has a fifty day moving average price of $101.62 and a two-hundred day moving average price of $102.93.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. bought a new position in Nestlé during the 2nd quarter worth approximately $9,577,000. Douglas Lane & Associates LLC grew its stake in Nestlé by 9.9% in the second quarter. Douglas Lane & Associates LLC now owns 861,051 shares of the company's stock worth $87,887,000 after purchasing an additional 77,885 shares during the period. Rodgers Brothers Inc. increased its stake in shares of Nestlé by 225.4% in the 1st quarter. Rodgers Brothers Inc. now owns 30,968 shares of the company's stock worth $3,292,000 after acquiring an additional 21,450 shares in the last quarter. Henry James International Management Inc. lifted its holdings in shares of Nestlé by 89.6% during the first quarter. Henry James International Management Inc. now owns 23,471 shares of the company's stock valued at $2,493,000 after purchasing an additional 11,093 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its position in shares of Nestlé by 11.9% in the 2nd quarter. Altrius Capital Management Inc now owns 67,703 shares of the company's stock worth $6,936,000 after purchasing an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NSRGY shares. Citigroup downgraded shares of Nestlé from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Berenberg Bank cut Nestlé from a "buy" rating to a "hold" rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lowered Nestlé from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Barclays reaffirmed an "equal weight" rating on shares of Nestlé in a report on Monday, September 9th. Finally, UBS Group cut shares of Nestlé from a "buy" rating to a "neutral" rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued 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".

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.