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 Down 1.2 %
Shares of Nestlé stock opened at $80.42 on Thursday. Nestlé S.A. has a 52 week low of $80.30 and a 52 week high of $115.91. The stock’s fifty day moving average is $84.71 and its two-hundred day moving average is $95.58.
Institutional Trading of Nestlé
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC lifted its stake in shares of Nestlé by 2.5% during the 3rd quarter.
Douglass Winthrop Advisors LLC now owns 1,036,741 shares of the company’s stock worth $104,417,000 after purchasing an additional 24,826 shares during the last quarter. Douglas Lane & Associates LLC raised its holdings in Nestlé by 6.4% in 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.
Hantz Financial Services Inc. boosted its holdings in shares of Nestlé by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 97,265 shares of the company’s stock valued at $9,792,000 after buying an additional 3,787 shares in the last quarter.
Altrius Capital Management Inc grew its position in shares of Nestlé by 2.4% in the 3rd quarter. Altrius Capital Management Inc now owns 69,306 shares of the company’s stock worth $6,977,000 after buying an additional 1,603 shares during the last quarter. Finally, Saybrook Capital NC raised its stake in shares of Nestlé by 11.9% during the 3rd 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 in the last quarter. Institutional investors own 0.61% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on NSRGY. Citigroup downgraded shares of Nestlé from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group raised shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 27th.
BNP Paribas upgraded Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th.
One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.
