|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||106.24 - 106.98|
|52 Week Range||88.00 - 122.63|
|Beta (5Y Monthly)||0.21|
|PE Ratio (TTM)||39.84|
|Forward Dividend & Yield||3.07 (2.88%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||142.00|
NEW YORK, NY / ACCESSWIRE / February 18, 2021 / Nestle SA - ADR (OTC PINK:NSRGY) will be discussing their earnings results in their 2020 Second Half Earnings call to be held on February 18, 2021 at 2:00 PM Eastern Time.Investor NetworkNEW YORK, NY / ACCESSWIRE / February 18, 2021 / Nestle SA - ADR (OTC PINK:NSRGY) will be discussing their earnings results in their 2020 Second Half Earnings call to be held on February 18, 2021 at 2:00 PM Eastern Time.
Nestlé, the world’s biggest food company, posted its highest sales growth in five years on Thursday, as stuck-at-home consumers spent more on pet care, coffee and nutrition supplements during the Covid-19 pandemic. Nestlé Chief Executive Mark Schneider has been reshaping the Switzerland-based food group’s portfolio since he took the helm in 2017, selling off less profitable brands to focus on higher-margin, higher-growth products, in response to changing consumer tastes and needs. Last year, Nestlé added Lily’s Kitchen, a premium, natural pet food business, to its cupboard of products, and expanded its presence in direct-to-consumer meal delivery services through the acquisition of Freshly in the U.S. and a majority stake in Mindful Chef in the U.K.
Nestle is aiming to boost organic sales growth towards 4% this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year. Consumers have kept buying packaged food throughout the pandemic and the maker of Maggi soups and Nescafe instant coffee has fared better than some rivals by shedding underperforming businesses and investing in growth areas such as plant-based food, coffee and health science. "We're seeing continued improvement in organic growth for the third year in a row now," CEO Mark Schneider told reporters on a call.