|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||103.81 - 105.06|
|52 Week Range||88.00 - 114.87|
|Beta (5Y Monthly)||0.37|
|PE Ratio (TTM)||39.18|
|Forward Dividend & Yield||2.76 (2.64%)|
|Ex-Dividend Date||Apr 26, 2020|
|1y Target Est||120.80|
Steve Presley, Nestle North America CEO, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the food supply chain is being impacted by the coronavirus outbreak.
Grant Reid, CEO of Mars Inc., joins Influencers to discuss the economic impact of the coronavirus, his company’s efforts to address climate change, and how he has adapted a classic brand to a changing world.
Starbucks (NASDAQ:SBUX) stock caught a break when Luckin Coffee (NASDAQ:LK), which claimed to be its Chinese nightmare, turned out to be a fraud.Source: Natee Meepian / Shutterstock.com Until the fraud was discovered, Luckin Coffee had everyone fooled. It had me fooled, although I wasn't recommending you buy it.If Starbucks had ever been a direct competitor to Luckin, it might be in better shape. Luckin was basically Starbucks take-out and delivery.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Starbucks never was a direct competitor to Luckin. As I wrote last month "Starbucks sells coffee as a luxury good." The couches, the Wi-Fi, the soothing music, they're all part of the thing. Even if you just grab-and-go, you know they're there. It's what you pay for.That is Starbucks' real problem. Getting Past the VirusUnless it gets new capital in some form, SBUX stock is facing an existential threat from the novel coronavirus.At the end of December, Starbucks had $3 billion in cash. It cost $5 billion to run the business for those three months. When Starbucks next reports revenue it won't be close to last quarter's $7 billion. Remember, the March quarter saw the heart of the disaster in China, its second-largest market. * 7 Dividend Stocks at Risk of Slashing Payouts The June quarter is going to be even worse. China will be coming back online. But it may be some time before Chinese consumers are comfortable lounging together. It will certainly take time for them to start spending $4.80 for a cup of coffee again.For now, Starbucks is doing everything it can to be a good citizen. It's paying people into May whether they show up or not. It's giving coffee to first responders. Its employees are making masks.But it's clear America's response to the virus is nothing like China's was. The "lessons" CEO Kevin Johnson says he learned from China may not apply here. We may be in for a much longer shutdown.For that reason I find the idea of buying Starbucks after its 3% Luckin "relief rally" ridiculous. Employees are already asking it to close stores completely, admitting that coffee "is not essential."That may be true for coffee bought by the drink in a store. But take it from this freelance journalist, coffee is still essential.Thereby hangs a tail. A Nestle Bailout?If things get very tight, and I think they will, there may be a way out for Starbucks.Starbucks sold its packaged coffee business to Nestle (OTCMKTS:NSRGY) in 2018. At the time it was considered a masterstroke. The $7.2 billion went back into opening stores.The only product sales from which Starbucks gets a retail profit now are those made in its stores. On others it gets the equivalent of a royalty. Thanks to Starbucks, Nestle also has an easy path to pushing its Nespresso coffee machines on Chinese businesses. Those machines might be stocked with Starbucks-branded pods, but they also reduce in-store sales.This does not make SBUX stock a buy, except perhaps for Nestle. Nestle has a $307 billion market capitalization and is doing well enough to keep up its dividend. As of April 3, Starbucks had a market cap of $74 billion. If a lifeline is needed, there may be one there. But the depth of the problem will have to become clear to investors before it's offered. The Bottom Line on SBUX StockStarbucks is in triage mode right now. It is trying to save its reputation.This is a good thing. But it may not be enough to survive as a stand-alone company. It's certainly not worth $74 billion.If I were a short-seller, and I'm not, I might consider buying puts on SBUX stock here.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Starbucks Stock Catches a Luckin Break, But Its Future Is Bleak appeared first on InvestorPlace.
In another 'Executive Interview' segment of Mad Money Wednesday night, Jim Cramer checked in with the world's largest food maker, Nestle SA , by speaking with Mark Schneider, the company's CEO. Schneider said the world is restocking their pantries and Nestle's sole focus at the moment is keeping store shelves stocked with the essential products the world needs. This includes pet food which was already Nestle's best performing category for the year.
Global food behemoth Nestle (OTC: NSRGY) is "scrambling to meet demand" to keep the world fed, but doesn't want to take much credit, as "this is our main purpose at this hour," CEO Mark Schneider said Wednesday during a "Mad Money" interview with Jim Cramer.Nestle's Premium Food Products Cramer credits Nestle with success across multiple "premiumization" categories, including vegan, sustainable and organic. Schneider said these are trends playing out within the food category and will remain despite the coronavirus pandemic.It's a "worthwhile endeavor" to continue focusing on these initiatives, as they are a driver of profit, the CEO said. Candy Makes Everyone Happy Cramer said one of the few items keeping his family happy during this difficult time in New York City is their shared love of candy. Schneider agreed and said snacking and comfort food are "just as important as essential nutrients."Everyone at Nestle, including those working at factories and distribution centers, are motivated to make sure the world can enjoy their snacks, he said.Nestle's Plastic Bottle Update Sustainable packaging remains a key focus, at Nestle as it needs to be included across all product lines, the CEO said.Some of the solutions the company is exploring include biodegradable and reusable. The company is "making good progress" toward its 2025 goals, and this year's goal of eliminating plastic straws is still a focus, Schneider said. "All business initiatives are working well."Related Links:7 New Food Items We Can't Wait To Eat: Shackburger, Big King XL And MoreConagra CEO Talks Chef Boyardee: Nostalgia Is AliveSee more from Benzinga * Nestle CEO Talks 2019 Performance, Outlook For 2020 And Beyond(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Nestle bought London-based Lily's Kitchen that makes food for dogs and cats in the higher-priced segment, the Swiss group said on Wednesday, as it bulks up in pet food, its fastest-growing product category. Purina PetCare had 7.0% organic growth and sales of 13.622 billion Swiss francs ($14.12 billion) in 2019, outpacing Nestle's other categories. Most of Lily's Kitchen's products are in the so-called premium segment that grew at a double-digit rate for Nestle last year.
The move will cover both part-time and salaried employees as well as those working in its retail operations - the Kit Kat Chocolatory and Nespresso boutiques - which have been temporarily closed in some places, the company said in a statement. It will also pay bonuses to salaried employees of its Canadian factories who cannot work from home. "The COVID-19 pandemic is a global problem and consequently we are offering help on the ground everywhere," Nestle Chief Executive Officer Mark Schneider said in a statement.
Nestle, the world's biggest food company, says it has made significant progress removing cocoa produced in protected forests in West Africa from its supply chain as pressure builds from consumers and governments for ethically sourced cocoa. The company said it had mapped, using GPS co-ordinates, 75% of the 120,000 cocoa farms it sources from directly in Ivory Coast and Ghana, which produce some two thirds of the world's cocoa. It found around 3,700 farms in protected forests in the process of mapping, and removed them from its supply chain.
Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they need, Chief Executive Mark Schneider said in a memorandum seen by Reuters. "This is the moment for extra effort, for going the extra mile," Schneider said in a message to staff, distributed internally on Friday. "Please get ready for the storm to hit – because hit it will," Schneider added.
(Bloomberg) -- Nestle SA has chosen JPMorgan Chase & Co. to handle the sale of its Chinese unit Yinlu Foods Group, in a deal that could value the business at about $1 billion, people with knowledge of the matter said.The world’s largest food company is working with JPMorgan to prepare for the potential divestment, said the people, who asked not to be identified as the information is private. Nestle is reaching out to potential buyers including Chinese food and beverage companies like Dali Foods Group Co., Hangzhou Wahaha Group Co. and Uni-President China Holdings Ltd., the people said.Nestle plans to offload a majority stake in Yinlu and may retain a small holding to oversee the production of Nescafe ready-to-drink coffee, which Yinlu co-manufactures in China, one of the people said. The company currently plans to call for first-round bids as soon as late April or early May, yet the coronavirus outbreak could delay the process, according to the people.Yinlu is famous for its ready-made Chinese porridge, and was acquired by Nestle in 2011. The Swiss company sought to tap the 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 Nestle’s portfolio, divesting assets such as a dermatology business and its U.S. ice-cream business.Nestle’s restructuring costs and other expenses tripled to 2.6 billion francs ($2.8 billion) last year, largely led by a write-down of Yinlu’s value. Chief Financial Officer Francois-Xavier Roger said last month that not everything with Yinlu is negative as the Chinese company contributes to Nestle’s leading position in ready-to-drink coffee in China.Read: Nestle’s M&A Appetite Rises as Sales Growth Lags Behind GoalDeliberations are at an early stage and details of the sale may change, said the people. Representatives for Nestle and JPMorgan declined to comment, while representatives for Dali Foods, Wahaha and Uni-President China didn’t respond to requests for comment.Yinlu, which started its food business in 1985, specializes in the production and sale of canned foods and beverages. The company has five production facilities in Xiamen, Shandong, Hubei, Anhui and Sichuan with an annual capacity of up to 6 million tons, according to its website.Shares of Nestle fell as much as 6.4% in Zurich on Thursday as global stocks plunged into bear market on heightened concerns over the spread of the coronavirus.(Updates to add Nestle’s share price in last paragraph.)\--With assistance from Corinne Gretler and Daniela Wei.To contact the reporters on this story: Vinicy Chan in Hong Kong at firstname.lastname@example.org;Dong Cao in Beijing at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, David Morris (News)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Since late January, Beyond Meat (NASDAQ:BYND) has been under some selling pressure. Keep in mind that the shares have gone from $120 to $99.Source: calimedia / Shutterstock.com But of course, since the company went public in May 2019, this kind of volatility has been the norm. To get a sense of things, the initial offering price was $25 and the high was $239 on Beyond Meat stock, less than a year into trading.Yes it's typical to see wide swings with a hyper-growth IPO. And yet, Beyond Meat has been able to maintain its staggering ramp. During the latest quarter, the company reported revenues of $298 million, up 239% on a year-over-year basis. The company's plant-based meat offerings are available in more than 77,000 retail restaurants and foodservice outlets in over 65 countries. Just some of their marquee customers include Starbucks (NASDAQ:SBUX), Mcdonald's (NYSE:MCD) and Dunkin Brands Group (NASDAQ:DNKN).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Stocks to Buy If People Get Stuck at Home But despite all this, I actually think there are some things that investors need to be worried about. Why so? Well, let's take a look at three bearish factors for Beyond Meat stock: How Big Is The Opportunity…Really?According to research from UBS, the market for plant-based meat alternatives is forecasted to go from $4.6 billion in 2018 to a staggering $85 billion by 2030. And this estimate is not an outlier. Various other reports show strong growth.But investors should still take this with a grain of salt. After all, these forecasts are generally for the next five to ten years. So yes, that much can happen during such a short period of time.There are also some signs that adoption may not be as widespread. For example, a survey from Piper Sandler of 3,500 adults showed that 62% were not interested in plant-based meats.Something else: The health benefits may not be as strong as believed. Note that Beyond Meat is a processed food, with high levels of sodium and saturated fats.True, there are other reasons people eat plant-based meats, such as for animal welfare and even helping deal with climate change. But if the health benefits are not as great, then this could certainly mute some of the demand. CompetitionWhile Beyond Meat is the pioneer in its category and has developed its own intellectual property, these advantages may represent a weak moat. The fact is that there are numerous other companies also focused on the opportunity.For example, there are startup operations like Impossible Foods Inc. that have raised substantial amounts of venture capital. Traditional food companies are also developing their own alternatives, such as Nestle (OTCMKTS:NSRGY), Cargill and Tyson Foods (NYSE:TSN). Such companies have strong distribution footprints and savvy marketing capabilities.In fact, there are already signs of pricing pressures, which could weigh on margins for Beyond Meat. To this end, Impossible Foods recently discounted its wholesale products by 15%. Valuation On Beyond Meat StockThe valuation on Beyond Meat stock is certainly far from cheap. Note that the shares currently trade at about 13.5 times sales. This is something you typically see with a red-hot software startup, not a food manufacturer.Wall Street analysts are also skeptical. The average price target is $103, which assumes only about 4% upside from current levels.Now it's true that there should be a premium on Beyond Meat stock. But still, it does seem like much of the good news is already baked in. So even a slight deceleration in growth -- which seems reasonable because of the competition and pressure on margins -- makes the shares vulnerable.Tom Taulli (@ttaulli) is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks to Buy If People Get Stuck at Home * 7 Strong Value Stocks to Buy for 2020 * 5 High-Yield Dividend Stocks With Great Buyback Programs The post 3 Reasons To Get Cautious On Beyond Meat Stock appeared first on InvestorPlace.
Many investors know there is a lot of potential in an income-generating portfolio. Monthly dividend ETFs are an important part of any portfolio that is looking to generate yield, either for passive income potential or simply as a way to supplement returns beyond simple share appreciation. In fact, the benefits of monthly dividend ETFs make these investment vehicles superior in many ways to individual stocks.
An heir to the Hot Pockets fortune was sentenced to five months in prison Tuesday for trying to cheat and bribe her daughters’ way into school as part of a nationwide college admissions scam.
Nestle (OTC: NSRGY) reported full-year results for 2019, highlighted by a 3.5% organic growth and a 1.2% sales increase. Nestle is "super pleased" with its organic growth as it matched management's guidance and is expected to continue growing in 2020 and beyond, Schneider said. Nestle has more than 30 factories in China and the "large majority" are now operating as normal, he said.
Swiss food products giant Nestle S.A. (OTC: NSRGY) has announced plans to spend up to $2 billion to cut plastic waste, but CEO Ulf Mark Schneider said in a CNBC interview on Tuesday that shareholders have nothing to worry about: The green goal initiative will be balanced with $2 billion to address consumer demands that their food products be both healthier and less damaging to the environment. "We said right from the beginning we are going to make this earnings-neutral, so we are going to find other ways and other efficiencies in our manufacturing and supply chain to make up for this," Schneider said. Schneider noted that it's not even necessarily about whether or not millennials want the company's specific products.