|Day's Range||87.10 - 87.72|
|52 Week Range||66.08 - 89.40|
|PE Ratio (TTM)||30.44|
|Dividend & Yield||2.28 (2.62%)|
|1y Target Est||100.61|
A potential deal would add chocolate brands such as Butterfinger and Baby Ruth to Ferrara's array of gum and soft-candy offerings. Nestle said in June it would explore strategic options, including a possible sale, for its U.S. candy business, whose brands also include Nips, SweeTarts and Raisinets. The business for sale has annual sales of 900 million Swiss francs ($923 million).
Mark Schneider, chief executive officer of Nestle SA, had a prescient message when he spoke at a German consumer goods forum last month.
Nestle (NESN.S) Chief Executive Mark Schneider does not rule out larger acquisitions in health-science operations to prop up sales, according to Germany's Manager Magazin. "I am not ruling this out," Schneider said when asked whether plans to raise sales of the health-science division to 10 billion Swiss Francs ($10.41 billion) from 2 billion required bigger purchases. The company is on track to meet its 2-to-4 percent sales growth target and wants to grow in a medium single-digit range from 2020 in organic terms, Schneider said in an interview published on Thursday.