NESN.SW - Nestle S.A.

Swiss - Swiss Delayed Price. Currency in CHF
103.52
-1.12 (-1.07%)
At close: 5:30PM CET
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Previous Close104.64
Open104.40
Bid103.70 x 0
Ask103.74 x 0
Day's Range103.42 - 105.16
52 Week Range77.74 - 113.20
Volume5,407,026
Avg. Volume5,683,716
Market Cap301.391B
Beta (3Y Monthly)0.35
PE Ratio (TTM)33.22
EPS (TTM)3.12
Earnings DateFeb 13, 2020
Forward Dividend & Yield2.45 (2.36%)
Ex-Dividend Date2019-04-15
1y Target Est87.75
  • Earnings: mixed menu from Nestlé, Unilever, Pernod
    Reuters Videos

    Earnings: mixed menu from Nestlé, Unilever, Pernod

    With not one but two consumer goods giants reporting ... Investors in the sector had a chance to do some comparison shopping on Thursday (October 17). First, Nestlé. Organic growth slowed in Q3, it said - overshadowing what normally would be share-positive news: An announcement of a plan to return 20 billion Swiss francs to investors - around 20 billion dollars - primarily through share buybacks. Nestlé was instead the biggest drag on Switzerland's benchmark index - its shares slipping over three quarters of a percent. Unilever rose. Adding a per cent and a half in early trade - in a UK share market subdued by Brexit worries ... Though sterling weakness on those worries has been good for the firm - making its exports cheaper. Turnover beat estimates with a near 6 per cent rise to just under 15 billion dollars. But a slowdown in India and China has dampened sales growth to 2.9 per cent - three had been expected. And emerging market sales - a key focus for Unilever - slipped. Drink also featured in the latest earnings.... Nestlé wants to reorganise its ailing bottled water business - whose brands include Perrier and San Pellegrino ... While French spirits maker Pernod Ricard also spoke of slower growth in India and China. Q1 sales overall were up 1.3 per cent on an underlying basis. Its shares on Thursday were over three per cent down.

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    Alibaba Sold a Record Amount of Stuff on Singles Day. Apple and Lots of Other Brands Scored Too.

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    Yahoo Finance

    CBD beverage founder: 'I want to be regulated'

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  • Coca-Cola, Nestlé and Pepsi top this list of plastic violators, and there’s been a solar breakthrough from Sweden
    MarketWatch

    Coca-Cola, Nestlé and Pepsi top this list of plastic violators, and there’s been a solar breakthrough from Sweden

    Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. BreakFreeFromPlastic, a three-year-old organization of some 1,800 members working to tackle plastic pollution has called in the volunteers that tally top plastic polluters by brand, and the amount of refuse clogging the world’s waterways remains alarming.

  • Bottlers Want to Profit From Your Tap Water
    Bloomberg

    Bottlers Want to Profit From Your Tap Water

    (Bloomberg) -- Over the past four decades, consumers around the world have chugged trillions of bottles of water from brands such as Perrier, Evian, Dasani, and Aquafina. Few realize that most of what they pay for is plastic and time on a truck. Companies typically get the water for free or just a nominal fee, and bottling the stuff and getting it to consumers—as well as advertising it—accounts for the bulk of their costs.Today, increasing concern about the carbon and plastic waste generated by that process is fueling a backlash that threatens the business. Across the industry, sales are softening and some towns are even banning plastic water bottles—spurring producers to respond with alternatives ranging from canned water to flavor pods for tap water to dispensers that sell sparkling and flavored mixes.“The waters business has to cope with a number of sustainability issues that are becoming increasingly important,” Nestle SA Chief Executive Officer Mark Schneider told analysts in October.Until the 1970s, bottled water was mostly sold in limited areas by European companies that tapped springs in the Alps. Then in 1973, DuPont patented PET plastic bottles, which were cheaper, lighter, and stronger than the glass that had been the industry standard. Combined with the rapidly globalizing economy, PET allowed water sellers to ship their wares much farther, opening up new markets. Bottlers sprung up in just about every country and the likes of Nestle, Coca-Cola, and PepsiCo added water to their portfolios, helping boost global revenue in the business to $130 billion last year, according to researcher Euromonitor.These days, things aren’t quite so bubbly as consumers grow increasingly aware of their carbon footprint. Danone, the maker of Evian, on Oct. 18 reported its biggest decline in quarterly water revenue in a decade. That same day, Coca-Cola Co. said water sales were lower than it expected.With shipments headed for a second annual decline, Nestle is reorganizing its bottled water business. Buffeted by lower-price rivals and high transport costs, Nestle raised prices—which sapped sales of its mass-market offerings such as Poland Spring and Pure Life as consumers shifted to cheaper generic brands. CEO Schneider has said the company wants to focus instead on higher-end products such as flavored and sparkling waters like its Perrier and San Pellegrino brands.More than 80 U.S. colleges and a handful of municipalities have restricted sales of bottled water. In Concord, Mass., it’s illegal to sell still water in small plastic bottles, and San Francisco bars such sales on city property. In the U.K., a non-profit called City to Sea has introduced an app that points thirsty users to places where they can get free water—with a pledge from chains such as Starbucks and Costa to refill bottles at no cost.“Producers face a real risk from the environmental movement, which has strong support among young people,” says Alain Oberhuber, an analyst at Mainfirst Bank, who predicts a sharp decline in sales of bottled water over the next two decades. “They know they have to do something.”With bottled water now outselling carbonated soft drinks in the U.S., one part of that “something” is aluminum cans filled with water. Coke introduced cans of Dasani in the northeast U.S. this year and plans to try selling it in aluminum bottles in 2020. Pepsi has been selling canned Aquafina at restaurants and stadiums and is testing it in stores. And Danone is trying the idea with local brands in Britain, Denmark, and Poland.The soda giants are also seeking to monetize consumption of tap water. Pepsi last year paid more than $3 billion for SodaStream, which produces systems for making fizzy water at home. And Pepsi has introduced a brand called Drinkfinity, which sells pods that attach to reusable bottles to infuse tap water with caffeine, vitamins, or electrolytes in a variety of flavors.  Coke is rolling out a water dispenser it calls Dasani PureFill, which allows consumers to refill their bottles with free filtered water and gives the option of adding flavors or carbonation for about $1 for a 20-ounce bottle. The company is planning to test the idea—and various prices—at roughly 100 locations such as offices, hospitals, and colleges.Nestle next year plans to introduce a dispenser it calls Refill Plus, which filters tap water and can add flavors and varying levels of carbonation,  and it’s working on a paper-based bottle that it says is fully biodegradable. Danone is exploring refill stations but for now is focusing on the home market with a new device that dispenses Evian delivered in balloon-like spheres that use less plastic than bottles.Producers are counting on such initiatives to appeal to consumers who consider branded water healthier than tap. Howard Telford, head of soft drinks at Euromonitor, says such efforts will have only a marginal effect on the industry’s carbon footprint. But he says adding extras such as flavorings and fizz may help shore up profits for the likes of Coke, Nestle, and Pepsi.“It points to a future,” Telford says, “where flavor, carbonation, and functional additives—rather than disposable packaging and simple convenience—could be the main value drivers in packaged water.”To contact the authors of this story: Thomas Mulier in Geneva at tmulier@bloomberg.netCorinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editor responsible for this story: David Rocks at drocks1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Nestle to Weigh $1 Billion Sale of Local Chinese Brands
    Bloomberg

    Nestle to Weigh $1 Billion Sale of Local Chinese Brands

    (Bloomberg) -- Nestle SA is weighing options including a sale for two ailing Chinese units after years of attempting to turn them around, people familiar with the matter said.The food giant has been reviewing its ownership of Hsu Fu Chi, a local confectionery brand, and Yinlu, known for its ready-made Chinese porridge, according to the people. It is seeking more than $1 billion for its controlling stakes in the two companies, the people said, asking not to be identified because the information is private.Nestle acquired both companies in 2011 as it sought to tap burgeoning demand in China, only to find itself confronted with sluggish growth a few years later. Since becoming chief executive officer in 2017, Mark Schneider has been weeding out the Swiss company’s portfolio, jettisoning assets such as U.S. chocolate brands, a dermatology business and a life insurance unit for about $15 billion total.Nestle, which makes Nespresso coffee and Gerber baby food, has made almost two dozen divestments under Schneider. It could opt to sell only part of its stakes in one or both of the Chinese units, according to one of the people.Peanut Milk, ChocolateNo final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, the people said. A spokesman for Nestle declined to comment. Mergermarket reported earlier that Nestle was conducting a strategic review of the Yinlu business, citing unidentified people.The two labels could fetch around 1.5 billion francs ($1.5 billion), MainFirst analyst Alain Oberhuber said in a note, adding that there’s a “high probability” they’ll be divested next year.“Both brands suffer fierce competition from local players,” he said.Nestle shares rose 0.3% early Wednesday in Zurich.Yinlu has sales of about 1 billion francs, Nestle said earlier this month. About two-thirds of the business is made up of local products like peanut milk and a porridge called congee, whose sales have been “disappointing,” the CEO said at the time. The rest is ready-to-drink coffee, which has been going better.“We’re working very, very hard to address that situation,” Schneider said on a call with analysts on Oct. 17. He has repeatedly said Nestle will sell businesses that are non-strategic if it’s not possible to fix them.Hsu Fu Chi, which makes confectionery products and snacks, probably generates annual revenue of some 700 million francs, according to Vontobel analyst Jean-Philippe Bertschy. Nestle has tried to improve the packaging of Hsu Fu Chi chocolates and added nutritious snacks to appeal to more health-conscious millennial consumers.(Updates with shares, analyst comment)To contact the reporters on this story: Vinicy Chan in New York at vchan91@bloomberg.net;Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Eric Pfanner at epfanner1@bloomberg.net, Thomas Mulier, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-As population grows, human diet must cut down on meat, sugar, salt -Nestlé exec

    Nestlé SA, one of the world's largest food processors, believes population growth will require human diets to adapt, reducing consumption of sugar, salt and meat products, an executive said on Wednesday. "We have 7.5 billion people and the population continues to grow, so there is a need to eat more vegetables, cereals, and less sugar, meat products," said Laurent Freixe, Executive Vice President and head of operations in the Americas.

  • As population grows, human diet must cut down on meat, sugar, salt - Nestlé exec
    Reuters

    As population grows, human diet must cut down on meat, sugar, salt - Nestlé exec

    Nestlé SA , one of the world's largest food processors, believes population growth will require human diets to adapt, reducing consumption of sugar, salt and meat products, an executive said on Wednesday. "We have 7.5 billion people and the population continues to grow, so there is a need to eat more vegetables, cereals, and less sugar, meat products," said Laurent Freixe, Executive Vice President and head of operations in the Americas.

  • INSIGHT-In hungry Venezuela, food producers step up exports to survive
    Reuters

    INSIGHT-In hungry Venezuela, food producers step up exports to survive

    Shrimp farming is booming in this western Venezuelan city, but little of the shellfish is destined for tables in this malnourished nation. About 90% of this shrimp is headed for Europe and Asia - with the blessing of President Nicolas Maduro. Venezuela's leader has lauded food exports on television as a way to raise hard currency to stabilize an economy in crisis.

  • Market Exclusive

    Market Weekend: Brexit Purgatory, Syria Troops to Iraq, J&J Arsenic, JPMorgan ‘Big Liquidity Thing’

    Brexit Purgatory Continues As the world turns, so the Brexit saga continues. Futures traders are now betting the odds of first contact with an alien species of hyperintelligent snails is more likely than this chapter ever being closed. (This is not to be taken literally.) SEE: AMP Signs Cannabis Distribution Agreement with CC Pharma What happened […]The post Market Weekend: Brexit Purgatory, Syria Troops to Iraq, J&J Arsenic, JPMorgan ‘Big Liquidity Thing’ appeared first on Market Exclusive.

  • Unilever and Nestle sales hit by China slowdown
    MarketWatch

    Unilever and Nestle sales hit by China slowdown

    European consumer goods giants Unilever and Nestle both reported slowing sales growth in China as the pair posted mixed results.

  • Barrons.com

    Nestlé to Refresh Bottled-Water Business as Sales Turn Flat

    The world’s biggest packaged-food maker said its water arm, which sells brands including Poland Spring, San Pellegrino, Pure Life and Perrier, would go from being a stand-alone, globally managed business with headquarters in France, to one managed locally in Nestlé’s various regions. It also said the head of Nestlé Waters, Maurizio Patarnello, would leave the company by the end of the year. The change mimics a restructuring Chief Executive Mark Schneider pushed through for Nestlé’s infant-nutrition arm, where the company says results have since improved.

  • Emerging markets come off the boil for Nestle and Unilever
    Reuters

    Emerging markets come off the boil for Nestle and Unilever

    ZURICH/LONDON (Reuters) - Global consumer goods companies have been banking on emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. Unilever, Nestle and drinks group Pernod Ricard all pointed to slower progress in key Asian markets as a factor for muted sales growth over the last three months but for the time being are keeping targets intact. Packaged goods companies like these have been relying more on emerging markets to offset changing habits in developed economies, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.

  • Nestle to Return $20 Billion to Investors
    Bloomberg

    Nestle to Return $20 Billion to Investors

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nestle SA plans to return as much as $20 billion to shareholders by 2022 and indicated an appetite for acquisitions to help Chief Executive Officer Mark Schneider sustain faster growth and better profit margins.Flush with cash after the $10 billion sale of a dermatology unit earlier this month, the Swiss food giant said Thursday that it will start a new share buyback program in January and may complement it with special dividends over the next three years. It’s also reorganizing its stagnating bottled-water business, which may exit underperforming brands.Schneider is wrapping up his third year at the head of the food giant, during which Nestle’s market value has increased by almost $80 billion. The maker of Nescafe and KitKat bars has bought more than 20 companies under the CEO, the first outsider to gain the position in almost a century. He’s axing about 4,000 jobs involved in frozen-food delivery in the U.S. and helped put the company on track for savings of 1.9 billion francs ($1.9 billion) this year.Nestle signaled it’s sharpening its M&A focus further as it unveiled a new management group that will seek out growth opportunities, to be led by Sanjay Bahadur, a 37-year corporate veteran who has been head of acquisitions for the past decade and finance director for greater China before that.Nestle said it would prefer to make investments to expand its main businesses, and it would scale down the buyback target if any sizeable acquisitions pop up.Schneider said that guidance shouldn’t be interpreted as a signal that any big acquisitions will happen, and it’s just to clarify Nestle’s strategy in case “something very large and extraordinary were to happen.” “With acquisitions, it always takes two sides,” Schneider said, speaking on a call with reporters. “It takes a willing buyer and a willing seller, and it all has to happen on terms that are prudent and meaningful for us, so we’ll need to see.”Dealmaker ReputationSchneider gained a reputation as a dealmaker at his former employer, Fresenius SE, where he transformed the German company into Europe’s largest operator of private health clinics through more than 30 acquisitions.The CEO is under pressure to sustain Nestle’s growth momentum. Third-quarter sales growth decelerated slightly to 3.7% as pricing declined, especially in coffee. Nestle said the softness in pricing is temporary, due to a tough comparison, and it expects improvement this quarter and into 2020.Shares of Nestle fell as much as 2.3%, paring the gain this year to 28%.Chief Financial Officer Francois-Xavier Roger has repeatedly said that Nestle would be comfortable letting its debt rating drop to a single A if an investment opportunity arises. Standard & Poor’s rates Nestle AA-, while Moody’s has it at Aa2.“I expect a bigger acquisition,” said Alain Oberhuber, an analyst at MainFirst Bank. “The question mark is on timing.”Nestle announced plans to restructure its bottled water unit, where sales are headed for a second annual decline amid low-end price competition. Nestle Waters will no longer be a separate business and will instead be integrated into the Swiss company’s geographical zones. Maurizio Patarnello, the head of the unit, will exit the executive board.‘Surgical Adjustments’Nestle may make some “very surgical adjustments around the globe” to get rid of underperforming water businesses, Schneider told analysts on a call. The company may even exit water businesses in some countries.The CEO said Nestle will focus its portfolio on faster-growing brands of sparkling and flavored waters like Perrier and S. Pellegrino. The category should be able to achieve annual sales growth of 5% to 7% eventually, he said.Separately, Nestle repeated that it will complete its review of its ailing European processed-meat brand Herta by the end of the year. Nestle put the unit up for sale eight months ago. The only bid it got was from Bigard, France’s largest meat processor, and Nestle found the 300 million-euro price too low, Les Echos said last month.Schneider also said Nestle hasn’t finished reviewing underperforming businesses and that some “isolated areas” within confectionery deserve attention.(Updates with possible bottled water divestments in second paragraph)\--With assistance from Lisa Pham.To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas Mulier, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Nestlé announces changes to its waters business, establishes Group Strategy and Business Development function

    The Nestlé Board of Directors has decided to integrate the Nestlé Waters business into the Group’s three geographical Zones, effective January 1, 2020. A dedicated Strategic Business Unit (SBU) will be created and report to Patrice Bula, member of the Executive Board and Head of Strategic Business Units, Marketing & Sales.

  • GlobeNewswire

    Nestlé reports nine-month sales for 2019

    This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live 14:00 CEST Investor call audio webcast Full details in Events.

  • GlobeNewswire

    Nestlé closes the sale of Nestlé Skin Health

    This press release is also available in Français (pdf) and Deutsch (pdf) .............   Vevey, October 2, 2019 Nestlé closes the sale of Nestlé Skin Health Nestlé.

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  • Study: Big food brands may be falling short on lofty climate goals
    Yahoo Finance

    Study: Big food brands may be falling short on lofty climate goals

    Brands McDonalds (MCD), Nestlé (NESN.SW), and Walmart (WMT) are championing climate action, but a network of investors said the big brand suppliers aren’t aligned with their messaging.

  • IPO Edge Editor Jannarone Argues Why Impossible Foods May Go Public Soon – Cheddar TV
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