NSRGY - Nestle S.A.
| Previous Close | 105.11 |
| Open | 105.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 104.50 - 105.07 |
| 52 Week Range | 78.62 - 114.87 |
| Volume | 3,273,549 |
| Avg. Volume | 439,268 |
| Market Cap | 301.757B |
| Beta (3Y Monthly) | 0.41 |
| PE Ratio (TTM) | 39.11 |
| EPS (TTM) | 2.67 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.42 (2.28%) |
| Ex-Dividend Date | 2019-04-15 |
| 1y Target Est | 120.80 |
- Market Exclusive
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- 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.
- 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.
- 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.
- 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 ...
- Bloomberg
Chocolatier Will Use Whole Cacao for a Fruitier Taste
(Bloomberg) -- Move over whole grains. Here comes whole chocolate.One of the world’s biggest chocolate makers, Barry Callebaut AG, is introducing a product line made from the whole cacao fruit, as opposed to just the beans, that will be marketed to chefs looking for a “fruitier” taste. Food and beverage giant Mondelez International Inc., whose brands include Cadbury and Toblerone, will be the first company to test-market the line.So-called WholeFruit chocolate is the latest concoction from Swiss chocolatier Barry Callebaut, which is facing pressure to innovate and experiment with new products as competition in the global market heats up. Last year, the company debuted Ruby chocolate, a pink blend with a berry flavor that has been used in Nestle SA’s KitKat bars. The move comes amid higher cocoa prices that have squeezed the profits of chocolate makers already facing headwinds as consumers shift toward healthier alternatives.“We wanted to unleash the full power of the cacao fruit, and as we did that, we opened up a whole new world,” Barry Callebaut Chief Executive Officer Antoine de Saint-Affrique said in San Francisco, where he introduced the products during a press conference with reporters.Barry Callebaut is marketing the line as a more sustainable approach to making chocolate, a possible selling point for environmentally conscious millienials. About 70% of the cacao fruit is typically wasted in the process of making chocolate. Meanwhile, cocoa futures have risen 27% in the past year. De Saint-Affrique said the company was looking to create products that are better for the environment without sacrificing quality.“It’s better in taste and it’s natural,” he said in an interview. “So you don’t have to struggle between them.”Mondelez will make the first cacaofruit products under a new CaPao brand. They will include smoothie balls and jerky strips sold through retailers in Los Angeles. The WholeFruit chocolate line for artisan chocolate makers will be available from May. On Friday, Barry Callebaut handed out tastings of two variations of the chocolate: Velvety and Bold. Both had an earthy flavor and were light on sweetness, the Bold sharper and the Velvety smoother.Barry Callebaut isn’t the first to try using more of the cocoa fruit. In July, Nestle SA said it found a way to make chocolate without adding sugar by using leftover pulp from cocoa.(Corrects spelling of company name, product detail in seventh paragraph of story published Sept. 30.)To contact the reporters on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net;David R. Baker in San Francisco at dbaker116@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Lynn Doan, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Insider Monkey
5 Safest Bottled Water Brands in 2019
Which are the safest bottled water brands in 2019? No matter whether you prefer tap water over bottled one, it is always good to know which the best choice if you need to buy it. Water is becoming a huge issue in general, since it is one of the most essential elements for life on […]
- GuruFocus.com
4 European Consumer Packaged Goods Companies to Consider for the 4th Quarter
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- Reuters
UPDATE 1-Nestle, P&G say they will miss 2020 deforestation goals
The world's two largest consumer goods companies, Nestle SA and Procter & Gamble Co, have acknowledged they will fall short of goals to use only those ingredients that do not contribute to deforestation in their products by 2020. Hundreds of companies have made 2020 zero deforestation pledges, according to the group.
- Bloomberg
Nestle Steps Up Testing After Weedkiller Found in Coffee Beans
(Bloomberg) -- Nestle SA is increasing checks on the coffee it buys, after recent tests showed beans from some countries had levels of the weedkiller glyphosate that are close to a regulatory limit.The world’s largest coffee roaster has informed suppliers of Indonesian and certain Brazilian beans of the new procedures, which go into effect starting Oct. 1, according to memos seen by Bloomberg. The company says the new measures “should be temporary” until producing countries correct the application of glyphosate.The move comes at a time when many countries have either banned or are seeking to prohibit the use of glyphosate, used in the Roundup weedkiller. Bayer AG, which spent $63 billion buying the product’s maker, Monsanto, is now facing billions of dollars worth of lawsuits claiming it causes cancer.Plastic Teabags Release Billions of Tiny Particles, Study Says“We actively monitor chemical residues, including glyphosate, in the green coffee that we purchase,” Switzerland-based Nestle said in a statement. “This monitoring program has shown that in some green coffee lots chemical residue levels are close to limits defined by regulations. We are reinforcing our controls working with suppliers to ensure that our green coffee continues to meet regulations all around the world.”The new measures have the potential to complicate global coffee trade-flows. The additional testing requirement is mostly for beans being shipped to factories in Europe, Australia and Malaysia, where legal limits on glyphosate are stricter than most other countries. The Brazilian memo was directed to suppliers of conilon, as the nation’s more bitter robusta beans are known.Brazilian beans already faced restrictions from buyers who need to meet Europe’s glyphosate limits, said Edimilson Calegari, general manager for Cooabriel, Brazil’s largest robusta-coffee cooperative. “We are working with our members to reduce the use to meet Europe requirements, which is much stricter than most other countries, including the U.S.”Nestle said it’s working with growers to reduce the need for glyphosate. “Our agronomists will continue to work with coffee farmers to help them improve their weed management practices, including the appropriate use of herbicides and adoption of other weeding methods.”To contact the reporters on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.net;Fabiana Batista in Sao Paulo at fbatista6@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Nestle launches plant-based burger in the United States
The announcement by the Swiss-based company coincided with the launch of tests of Beyond Meat patties in North American restaurants by McDonalds, which is Nestle's partner in the plant-based category in Germany. Nestle's Sweet Earth brand will also roll out "Awesome Grounds," made with the same plant-based protein that goes in to the burgers.
- Yahoo Finance
Nestlé-owned Sweet Earth launches plant-based Awesome Burger
Nestle is jumping onto the plant-based protein bandwagon with its nationwide launch of the Awesome Burger.
- Yahoo Finance
Major companies launch initiative to curb greenhouse gas emissions
Formed in partnership with the World Business Council for Sustainable Development, and a group of 19 corporations that include L’Oreal, Kellogg Company, Nestle, and Unilever, the “One Planet Business for Biodiversity” (OP2B) initiative targets the agriculture practices of member companies, calling for increased diversity in its supply chains and farming practices.
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Reuters VideosEarnings: 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.
Yahoo Finance VideoNestle-owned Sweet Earth launches plant-based Awesome Burger
Nestle-owned Sweet Earth is launching its Awesome Burger and Awesome grounds in October. Brian Swette, Sweet Earth President and Co-founder, and Kelley Swette, CEO and Co-founder join Yahoo Finance for a taste test of the burgers and to discuss outlook for the company.
Reuters VideosNestlé's push for green packaging, Greenpeace not convinced
They've been accused of being one of the biggest contributors of plastic waste that's polluting landfill sites and oceans. And Nestle has come under heavy criticism for not taking action. Now, the Swiss food group is opening a research institute aimed at developing more sustainable packaging. The maker of KitKat chocolate bars and Nescafe instant coffee has vowed to make 100 percent of its packaging recyclable or reusable by 2025. Its Chief Executive Mark Schneider. (SOUNDBITE) (English) NESTLE CHIEF EXECUTIVE OFFICER (CEO), MARK SCHNEIDER, SAYING: "We are collaborating with different partners, with academic institutions, industrial partners or startups, but we cannot solely depend on this. We want to be in the driver's seat when it comes to developing more sustainable packaging solutions for our products. Nestle wants to produce wrapping materials that have fewer layers and are easier to recycle as well as being made from compostable and biodegradable packaging. It's also said it wants to achieve zero net greenhouse gas emissions by 2050 following in the footsteps of container shipping giant Maersk, which made the same pledge last year. Environmental group Greenpeace's spokesman Mathias Schlegel says Nestle could have done more. (SOUNDBITE) (English) SPOKESMAN FOR GREENPEACE SWITZERLAND, MATHIAS SCHLEGEL, SAYING: "They could have tackled the forest issues when we made our first complaints 10 years ago, and we are still not satisfied by the policies and the strategies on this issue. So, yes, they could have changed the strategies, the business model a long time ago." According to research released in July An estimated 2.1 billion metric tonnes of plastic waste are generated each year. As the tide of plastic becomes a growing political issue Major packaged goods sellers are under pressure to cut the flow of the single-use plastics that are clogging the world's waterways.
