NESN.SW - Nestle S.A.

Swiss - Swiss Delayed Price. Currency in CHF
103.96
-2.10 (-1.98%)
At close: 5:31PM CEST
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Previous Close106.06
Open105.70
Bid104.04 x 0
Ask104.06 x 0
Day's Range103.52 - 106.04
52 Week Range77.74 - 113.20
Volume9,063,717
Avg. Volume5,613,045
Market Cap300.185B
Beta (3Y Monthly)0.94
PE Ratio (TTM)33.36
EPS (TTM)3.12
Earnings DateOct 17, 2019
Forward Dividend & Yield2.45 (2.31%)
Ex-Dividend Date2019-04-15
1y Target Est87.75
  • 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.

  • Financial Times

    Nestlé to return $20bn to shareholders as turnround gathers pace

    The share buybacks or special dividends, announced on Thursday alongside in-line third-quarter sales, are the latest sign of how the turnround effort by chief executive Mark Schneider at Nestlé is gathering pace. The German executive’s plan aims to raise sales growth and profit margins at the maker of Nescafé, KitKat chocolate and Gerber baby food.

  • 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.

  • Financial Times

    Nestlé: the other kind of liquidity

    Ugly words can describe attractive ideas. Take “premiumisation”. Going upmarket is plumping up Nestlé’s growth. Limited-edition blends perk up coffee sales. Supplements to soothe anxious hounds boost pet ...

  • 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.

  • 4 European Consumer Packaged Goods Companies to Consider for the 4th Quarter
    GuruFocus.com

    4 European Consumer Packaged Goods Companies to Consider for the 4th Quarter

    Stocks are trading below Peter Lynch value Continue reading...

  • Sustainable investor group representing $90 trillion mobilizes against Amazon fires
    MarketWatch

    Sustainable investor group representing $90 trillion mobilizes against Amazon fires

    The world’s largest responsible investor group is mounting a campaign to end the man-made fires in the Amazon rainforest.

  • 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
    IPO-Edge.com

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

    There are plenty of places to try out The Impossible Burger, from Restaurant Brands International Inc.'s Burger King to The Cheesecake Factory. Soon, investors may also be a bit to get a taste of publicly-listed shares. In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone pointed out another reason to go public: the […]

  • GuruFocus.com

    Daniel Loeb's 5 Biggest Stock Buys of 2nd Quarter

    New York hedge fund manager starts 16 positions Continue reading...

  • GlobeNewswire

    Nestlé reports half-year results for 2019

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

  • Moody's

    Froneri International Limited -- Moody's announces completion of a periodic review of ratings of Froneri International Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Froneri International Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Nestle Waters teams up with Ocean Legacy for plastic waste cleanup
    Reuters

    Nestle Waters teams up with Ocean Legacy for plastic waste cleanup

    Nestle's bottled water division Nestle Waters, owner of Perrier and Vittel, said it would team up with Canada's Ocean Legacy Foundation to help to clean up plastic pollution. Many of them, including Nestle and French peer Danone, have made voluntary pledges to make all of their plastic packaging reusable, recyclable or compostable by 2025. Non-profit group Ocean Legacy Foundation fights plastic ocean pollution with clean-up expeditions, land-based plastic collection, recycling, education and pollution hot-spot mapping.

  • Beyond Meat's stock could fall 50%: Strategist
    Yahoo Finance

    Beyond Meat's stock could fall 50%: Strategist

    It seems nothing can stop Beyond Meat’s stock rally, not even a full-scale attack from meat giant, Tyson.

  • Nestle still committed to global confectionery: CEO
    Reuters

    Nestle still committed to global confectionery: CEO

    Nestle remains committed to confectionery despite unloading its U.S. chocolate operations during a review of the food giant's operations, Chief Executive Mark Schneider told an event in Switzerland on Friday. "Our wide portfolio makes us strong...not everything is going to change," Schneider said. "You have to find focus and areas where you concentrate your efforts," he said, identifying water, baby food and animal food as Nestle's growth drivers.

  • Reuters

    Nestle still committed to global confectionery - CEO

    Nestle remains committed to confectionery despite unloading its U.S. chocolate operations during a review of the food giant's operations, Chief Executive Mark Schneider told an event in Switzerland on Friday. "Our wide portfolio makes us strong...not everything is going to change," Schneider said. "You have to find focus and areas where you concentrate your efforts," he said, identifying water, baby food and animal food as Nestle's growth drivers.

  • 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.