|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||106.77 - 107.81|
|52 Week Range||78.62 - 114.87|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||40.06|
|Forward Dividend & Yield||2.42 (2.25%)|
|1y Target Est||120.80|
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.
The Zacks Analyst Blog Highlights: Anheuser-Busch, Fly Leasing, GW Pharmaceuticals, Nestl?? and Burberry
Nestle has set up a research institute to develop more environmentally friendly packaging for its products and reduce plastic waste, taking matters into its own hands rather than relying on its suppliers. Having been identified by environmental group Greenpeace as one of the biggest producers of plastic waste that is polluting landfill sites and oceans, Nestle has also been criticised for its lack of action to address the problem. "It's our name on the package, so we want to be in the driver's seat when it comes to developing solutions," Nestle Chief Executive Mark Schneider said on Thursday at the inauguration of the Nestle Institute of Packaging Sciences in Lausanne.
Nestlé will cut greenhouse gas emissions across its operations and supply chain to net zero by 2050, setting in train what are likely to be sweeping changes among the coffee growers, dairy farmers and packaging companies that supply the world’s biggest food company. that are speeding up their climate change efforts in response to faster than expected global warming. More than 600 companies have signed up to plans to limit global warming to 2C above pre-industrial levels set out in the 2016 Paris climate accord, according to a coalition of non-governmental organisations tracking the commitments.
If the companies can make the point that their products are healthy, they may be able to convert non-coffee drinkers, analysts say.
Nestlé S.A. is reviewing its meat and cocoa purchases from Brazil amid heightened concerns over the fires in the Amazon rainforest.
Ojai Energetics, the cannabis technology company that recently added journalist, New York Times best-selling book author and entrepreneur Steven Kotler to its team, is announcing a new high-profile team member. From 2013 to 2017, at Nestlé Waters North America, he presided over 8,000 employees and 14 popular non-alcoholic beverage brands. “Tim Brown has partnered with Ojai Energetics to accelerate our growth in the CPG and beverage sectors,” Will Kleidon, the CEO and founder of Ojai Energetics and chairman of the California Hemp Council, told Benzinga.
There are plenty of places to try out The Impossible Burger, from Restaurant Brands International Inc.'s Burger King to The Cheesecake Factory. Soon, investors may also be a bit to get a taste of publicly-listed shares. In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone pointed out another reason to go public: the […]
Shares of the Swiss giant have risen more than 30% in the past 12 months. The packaged-foods company is streamlining operations and investing in new brands and markets.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nestle SA is tweaking the recipe of its vegetarian burgers after half a year on the market amid stiffening competition for meat substitutes.Garden Gourmet Incredible Burgers will be juicier and have more of a grilled-beef flavor, the Swiss food giant said Friday. Nestle will also launch a ground beef alternative called Garden Gourmet Incredible Mince in Austria, Germany, Norway and Sweden next month. The soy-based product can be molded into meatballs and cooks up like raw beef.Nestle Chief Executive Officer Mark Schneider is revamping the company’s faux-meat offering as a wave of upstart competitors including Beyond Meat Inc. and Impossible Foods Inc. enters the mainstream. He’s been pushing Nestle managers to accelerate development of products like the Incredible Burger and accept the risk that they may need reworking.Beyond Meat has stormed into fast-food and high volume catering in collaborations with Tim Hortons, Dunkin’ Donuts and Aramark. Closely held Impossible Foods’s burger is on menus at some 10,000 restaurants -- including White Castle, Red Robin and Burger King, according to the company.Nestle started selling Incredible Burgers in Europe in April and aims to introduce a version called the Awesome Burger for the U.S. market this fall. The company declined to comment on the outlook for expanding its relationship with McDonald’s Corp., which sells Incredible Burgers in Germany.The Incredible Burger has yet to come to the U.K., one of the most promising markets for meat substitutes, according to Wayne England, head of Nestle’s food business. Nestle ended a test of other Garden Gourmet items in Britain with a customer it didn’t identify earlier this year, and it no longer sells the line of products in the U.K., according to a spokesman.(Corrects to show Nestle stopped selling Garden Gourmet products in the U.K.)To contact the reporter on this story: Thomas Mulier in Geneva at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, John Lauerman, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nestle SA said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil's Sao Paulo state over the next three years to introduce new production lines and technologies in existing factories, as well as push forward a digital transformation. The announcement comes as the Sao Paulo Governor João Dória, strives to draw investments to the state and boost industrial jobs in Brazil's historic manufacturing center. On Aug. 9, he unveiled during a trip to China that Huawei Technologies Co Ltd would invest $800 million to build a second plant in Sao Paulo.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains and guest Madeleine Johnson dive into the world of coffee to see how the major publicly traded firms from Starbucks (SBUX) to Dunkin' (DNKN) have performed...
Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards. Nestle last year paid $7.15 billion for exclusive rights to sell the U.S. chain's coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February. The world's largest food company will start selling 21 Starbucks-branded capsule and instant coffee products on Chinese e-commerce platforms like Alibaba's Tmall and JD.com, as well as to offices and hotels in tier-1 cities, both companies said.