NSRGY - Nestlé S.A.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 123.96 |
| Open | 120.47 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 119.38 - 120.65 |
| 52 Week Range | 102.78 - 131.64 |
| Volume | |
| Avg. Volume | 214,387 |
| Market Cap | 319.512B |
| Beta (5Y Monthly) | 0.31 |
| PE Ratio (TTM) | 31.68 |
| EPS (TTM) | 3.78 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.19 (2.57%) |
| Ex-Dividend Date | Apr 24, 2023 |
| 1y Target Est | 139.00 |
Fair Value
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BloombergUnilever and Nestle to Appoint New Finance Chiefs as Industry Battles Inflation
(Bloomberg) -- Nestlé SA and Unilever Plc are replacing their veteran chief financial officers, part of a changing of the guard at consumer-goods companies as inflation pressures the industry.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark
GlobeNewswireNestlé announces François-Xavier Roger stepping down, Anna Manz named as CFO
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Vevey/Switzerland, May 30, 2023 Nestlé announces François-Xavier Roger stepping down, Anna Manz named as CFO After eight years with Nestlé, François-Xavier Roger, Executive Vice President and Chief Financial Officer, has decided to step down and to pursue new professional challenges. François has provided strong financial leadership and driven sustainable value crea
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PR Newswire22nd Annual Purina Cares Day Featured Food Distribution to People and Pets In-Need, Service Projects Throughout St. Louis and Across the Country
Since its founding nearly 129 years ago, Purina has been giving back to pets and people in need. Each May, the company's associates from across the United States are encouraged to take time away from work to volunteer in their communities. This past Tuesday, nearly 2,000 St. Louis-based Purina employees took part in the company's 22nd annual Purina Cares Day – a workday devoted to community service.
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Infant formula producers probed by FTC over bids for government contracts
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BenzingaIs There Collusion in the Baby-Formula Industry?: FTC Scrutinizes State Contracts Bidding Process
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Yahoo Finance VideoFTC investigating baby-formula makers on suspected collusion
Yahoo Finance health care reporter Anjalee Khemlani discusses the ongoing investigation by the FTC of baby-formula makers, including Abbott Laboratories, Perrigo, and Nestle, on suspected collusion.
The Wall Street JournalBaby-Formula Makers Face FTC Investigation for Collusion
The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts.
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Nestlé announces retirement of Magdi Batato, Stephanie Pullings Hart appointed as next Head of Operations
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Vevey/Switzerland, May 23,2023 Nestlé announces retirement of Magdi Batato, Stephanie Pullings Hart appointed as next Head of Operations Magdi Batato, Executive Vice President and Head of Operations, will take a well-deserved retirement in early 2024 after a distinguished career of over 30 years at Nestlé. He has held various roles across three different continents.
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ReutersNestle uses Airbus satellites to monitor reforestation in Thailand
Nestle is piloting using Airbus satellites to monitor reforestation, amid global concerns about whether consumer goods companies are doing enough to reduce their carbon footprints. Airbus' Pléiades Neo satellites will provide high-resolution images in the Ranong and Chumphon provinces of southern Thailand that will help to ensure trees Nestle has planted in sourcing regions grow long term, the world's biggest food company said. "It's more accurate because you need to go down to 30 centimetres, which is a sheet of paper," Magdi Batato, Executive Vice President, Head of Operations, at Nestle, told Reuters.
BenzingaNestle Reports Solid Sales Growth In Q1 On Strong Pricing Growth Amid Inflation
Nestle ADR (OTC: NSRGY) reported Q1 2023 sales growth of 5.6% Y/Y to CHF23.5 billion, with a positive impact of 0.3% from net acquisitions. Organic sales grew 9.3% Y/Y, led by strong pricing growth of 9.8%, reflecting higher cost inflation. Organic sales came 2 percentage points above analysts' estimates, making this one of Nestle’s biggest beats in years, as per Bloomberg. As per the report, the expectation-beating growth came amid a portfolio shakeup that was expected to weigh down short-term
ReutersPrice hikes boost profits at global consumer giants; will spending last?
NEW YORK (Reuters) -Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe and the United States. "There is uncertainty on how the consumer environment may ultimately play out in 2023,” Coca-Cola Chief Executive James Quincey said on a call with investors.
ReutersWRAPUP 4-Price hikes boost profits at global consumer giants; will spending last?
Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe and the United States. "There is uncertainty on how the consumer environment may ultimately play out in 2023,” Coca-Cola Chief Executive James Quincey said on a call with investors.
ReutersKitKat sweetens Nestle sales with Easter, Valentine's Day comeback
In a quarter that saw Nestle's overall sales volumes dip, the KitKat maker's candy business was a sweet spot as consumers celebrated Valentine's Day and an early Easter with largely reduced concerns over the spread of COVID-19. Confectionary sales volumes - which Nestle calls real internal growth - grew about 6% even as most other units' sales declined. "Omicron last year probably weighed on seasonal sales of confectionary around Valentine's Day," Bernstein analyst Bruno Monteyne said, adding that Easter was one week earlier this year, pulling more sales of Nestle's candy eggs into the first quarter.
- Reuters
UPDATE 4-Nestle beats quarterly sales estimates with price hikes
Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world's biggest packaged food company increased prices to offset weak sales volumes. The Swiss company, which makes KitKat chocolate bars, Nescafe coffee and Maggi stock cubes, said sales rose 5.6% to 23.5 billion Swiss francs ($26.48 billion) in the quarter ended March 31, beating the average estimate of 23.27 billion francs in a company-provided analyst consensus. The maker of Purina pet food increased its prices by 9.8% during the quarter but sales volumes - which the company calls real internal growth - fell 0.5%.
- GlobeNewswire
Nestlé reports three-month sales for 2023
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live 09:00 CEST Investor call audio webcast Full details on our website ............. Vevey, April 25, 2023 Nestlé reports three-month sales for 2023 Total reported sales increased by 5.6% to CHF 23.5 billion (3M-2022: CHF 22.2 billion). Foreign exchange decreased sales by 4.0%. Net acquisitions had a positive impact of 0.3%.Organic growth reached 9.3%, with
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ReutersNestle chairman: Price pressures gradually easing
Nestle is seeing an easing of price pressures stemming from raw materials, transport and packaging costs, said Chairman Paul Bulcke, adding that company would still increase prices.
