Nestlé (OTCMKTS:NSRGY) Shares Unloaded Rep. Josh Gottheimer

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 Trading Down 1.2 %

OTCMKTS NSRGY opened at $80.42 on Thursday. The business’s fifty day moving average is $84.71 and its 200 day moving average is $95.58. Nestlé S.A. has a fifty-two week low of $80.30 and a fifty-two week high of $115.91.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NSRGY shares. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of Nestlé from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Nestlé presently has an average rating of “Hold”.

Institutional Investors Weigh In On Nestlé

Several institutional investors and hedge funds have recently modified their holdings of NSRGY. Hantz Financial Services Inc. grew its stake in Nestlé by 4.1% during the third quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock valued at $9,792,000 after acquiring an additional 3,787 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Nestlé during the 3rd quarter valued at about $36,000. Douglass Winthrop Advisors LLC grew its position in shares of 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 purchasing an additional 24,826 shares in the last quarter. Canopy Partners LLC increased its holdings in shares of Nestlé by 3.0% in the third quarter. Canopy Partners LLC now owns 4,973 shares of the company’s stock worth $501,000 after purchasing an additional 147 shares during the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of Nestlé by 5.4% in the third quarter. Studio Investment Management LLC now owns 3,878 shares of the company’s stock worth $390,000 after buying an additional 200 shares in the last quarter. Institutional investors own 0.61% of the company’s stock.

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.

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.