NSRGY - Nestlé S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
81.43
+1.24 (+1.55%)
At close: 3:59PM EDT
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Previous Close80.19
Open80.87
Bid0.00 x 0
Ask0.00 x 0
Day's Range80.80 - 81.50
52 Week Range73.59 - 87.85
Volume481,123
Avg. Volume485,458
Market Cap250.412B
Beta0.44
PE Ratio (TTM)34.78
EPS (TTM)2.34
Earnings DateN/A
Forward Dividend & Yield2.42 (3.02%)
Ex-Dividend Date2018-04-16
1y Target Est101.48
Trade prices are not sourced from all markets
  • Italy’s Illy Coffee Attracts Interest From JAB and Nestle
    Bloomberg4 days ago

    Italy’s Illy Coffee Attracts Interest From JAB and Nestle

    Italian coffee maker Illycaffe SpA has attracted interest from suitors including JAB Holding Co. and Nestle SA, but the family owners have so far rebuffed approaches, according to people familiar with the matter. JAB, which has built a coffee empire through a series of acquisitions, is interested in acquiring all of the Trieste-based coffee roaster, according to the people, who asked not to be named as the details aren’t public. Representatives for JAB and Nestle declined to comment.

  • Palm oil sustainability group reinstates Nestle membership
    Reuters5 days ago

    Palm oil sustainability group reinstates Nestle membership

    Nestle's (NESN.S) membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog. "The RSPO today reinstated Nestle's membership following the submission of its time-bound action plan to achieve 100 percent RSPO certified sustainable palm oil by 2023," said the statement, adding that the Swiss food group's certificates and membership status will be reinstated effective Monday. Nestle's membership was suspended on June 27 as it failed to submit a report detailing how it would ensure the use of certified sustainable palm oil.

  • Reuters5 days ago

    Palm oil sustainability group reinstates Nestle membership

    Nestle's membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog. "The RSPO today reinstated Nestle's membership following the submission of its time-bound action plan to achieve 100 percent RSPO certified sustainable palm oil by 2023," said the statement, adding that the Swiss food group's certificates and membership status will be reinstated effective Monday. Nestle's membership was suspended on June 27 as it failed to submit a report detailing how it would ensure the use of certified sustainable palm oil.

  • Asia’s Biggest Cocoa Grower Has a Chocolate Problem. An Icy Treat May Be the Answer
    Bloomberg5 days ago

    Asia’s Biggest Cocoa Grower Has a Chocolate Problem. An Icy Treat May Be the Answer

    Cocoa production in the 130-year old industry in Indonesia is set to shrink for the third straight year as farmers switch to other crops and annual per capita consumption of chocolate languishes at just 11 ounces (300 grams) - half the rate of neighboring Malaysia, according to Euromonitor International. The craze for Es Kepal Milo -- a mixture of Milo poured over crushed ice to make a kind of chocolaty snow cone -- has spawned more than 17,000 “how-to-make” videos from Indonesia alone, with millions of hits on YouTube. It’s also created a new retail empire for entrepreneurs such as Emanuel Agung, the 34-year-old owner of Es Kepal Milo Viral.

  • Dog Food With Legumes Tied to Pet Heart Disease, FDA Says
    Bloomberg9 days ago

    Dog Food With Legumes Tied to Pet Heart Disease, FDA Says

    Pet food containing peas, lentils, other legumes and potatoes might be causing heart disease in dogs, the U.S. Food and Drug Administration said in a warning to pet owners. The FDA said Thursday that it has received “highly unusual” reports about canine dilated cardiomyopathy, which can cause an enlarged, weakened heart and eventual heart failure in dogs. The cases occurred in breeds -- such as golden and Labrador retrievers, a whippet, a Shih Tzu, a bulldog, and miniature schnauzers -- that aren’t genetically prone to the disease, but that ate certain pet foods containing legumes or potatoes as their main ingredients.

  • Reuters9 days ago

    Nestle sells small New Zealand candy brands in latest divestment

    Nestle (NESN.S) is selling some small New Zealand candy brands, including Mackintosh's toffees and Black Knight licorice, to Australia's Quadrant Private Equity, the latest example of the world's biggest food company tidying up its portfolio. "Following a review of Nestle's confectionery business in Australia and New Zealand, Nestle is looking to focus on its major chocolate, baking and medicated lozenge brands in New Zealand," Nestle said in a statement on Thursday. It said it had reached a conditional agreement to sell kiwi confectionery brands Mackintosh's, Heards, Black Knight and Fabulicious Red Licorice as well as other Oceania brands Life Savers and Oddfellows to Quadrant.

  • Reuters15 days ago

    Cultural mix a hidden weapon in Nestle CEO's activist defence

    Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge. Billionaire hedge fund manager Daniel Loeb's Third Point is urging steps it says can boost margins and double earnings per share at the world's biggest food company by 2022. Years spent in the United States landed Schneider dual German-U.S. citizenship and a Harvard MBA.

  • Cultural mix a hidden weapon in Nestle CEO's activist defense
    Reuters15 days ago

    Cultural mix a hidden weapon in Nestle CEO's activist defense

    Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge. Billionaire hedge fund manager Daniel Loeb's Third Point is urging steps it says can boost margins and double earnings per share at the world's biggest food company by 2022. Years spent in the United States landed Schneider dual German-U.S. citizenship and a Harvard MBA.

  • The Wall Street Journal16 days ago

    [$$] Nestlé Activist Pressure Explained

    , who thinks the Swiss food-and-beverage company’s efforts to revamp its portfolio and raise its financial returns are lackluster. Mr. Loeb has urged Nestlé to sell noncore assets and implement share buyback programs. Nestlé is the world’s biggest packaged-foods company, with a portfolio ranging from Nespresso coffee capsules to Purina dog food.

  • Nestle, Hershey at odds with farmers over U.S. GMO labeling
    Reuters18 days ago

    Nestle, Hershey at odds with farmers over U.S. GMO labeling

    The world's top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Many food companies want the government to require manufacturers to include on labels all ingredients that have been genetically modified, known as GMO.

  • Carrefour, Tesco deal to squeeze suppliers, big and small
    Reuters18 days ago

    Carrefour, Tesco deal to squeeze suppliers, big and small

    PARIS/LONDON (Reuters) - A deal between Carrefour (CARR.PA) and Tesco (TSCO.L) to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz. The Carrefour-Tesco alliance will reset relationships with global suppliers like Unilever (ULVR.L), Nestle (NESN.S) and Procter & Gamble (PG.N), at a time when they are already battling sluggish demand and start-up rivals. In a further blow to major consumer goods firms, the pair will also jointly source own-brand products, sales of which are growing rapidly in Europe due to the expansion of discounters like Aldi and Lidl which mostly stock private-label goods.

  • Reuters18 days ago

    Nestle, Hershey at odds with farmers over U.S. GMO labelling

    The world's top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Many food companies want the government to require manufacturers to include on labels all ingredients that have been genetically modified, known as GMO.

  • CNBC18 days ago

    Nestle opens a nine turbine wind farm to help meet its ambitious renewable energy goals

    The wind farm is located at Sanquhar in Dumfries and Galloway, Scotland, and reinforces Nestle's drive to use more renewable sources of energy.

  • Fortune18 days ago

    Why Your Cup of Coffee May Be Getting Cheaper (Or Starbucks’ Profits May Rise)

    As Brazil’s football team gains in the World Cup, one of the nation’s main commodity exports is suffering.

  • Reuters18 days ago

    Analysis: Loeb's Third Point takes new approach in battle with Nestle

    For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. On Sunday, Loeb fired off a letter and 34-page presentation to Nestle's chief executive officer and board chairman urging them to sell more of the businesses that do not fit and untangle its corporate structure. Loeb criticized the company's "muddled strategic approach" and called for the company to split internally into three units: beverages, nutrition and grocery.

  • The Wall Street Journal18 days ago

    [$$] Nestlé in Talks to Buy Pet-Food Maker for $2 Billion

    Nestlé SA is angling to take control of Canada’s Champion Petfoods for more than $2 billion, according to people familiar with the matter, as the consumer-goods giant seeks out higher-growth businesses to help offset its struggling packaged-foods operations. Nestlé is in talks to acquire a majority stake in the closely held maker of specialty cat and dog food, whose owners include Toronto buyout firm Bedford Capital. The interest in Champion comes about a year after Nestlé first disclosed a far-reaching plan to revive its stock price by investing in areas such as pet care, bottled water and coffee amid pressure from U.S. activist investor Daniel Loeb.

  • Loeb's Third Point takes new approach in battle with Nestle
    Reuters18 days ago

    Loeb's Third Point takes new approach in battle with Nestle

    For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. On Sunday, Loeb fired off a letter and 34-page presentation to Nestle's chief executive officer and board chairman urging them to sell more of the businesses that do not fit and untangle its corporate structure. Loeb criticized the company's "muddled strategic approach" and called for the company to split internally into three units: beverages, nutrition and grocery.

  • Reuters19 days ago

    Nestle says it is delivering results after activist shareholder attack

    Nestle (NESN.S) said its management and board were delivering results after the world's largest packaged food maker came under renewed pressure from activist shareholder Third Point to be bolder and faster in its overhaul. The maker of KitKat chocolate bars and Nescafe instant coffee is currently implementing an "accelerated long-term value creation strategy," it said in a statement on Monday without referring directly to Third Point. The response came after Third Point, a New York-based hedge fund, sent a letter to Nestle's board and published a presentation online on Sunday calling for more urgent action and recommending steps it says could result in Nestle doubling its earnings per share by 2022.

  • Reuters19 days ago

    New salvo from activist investor turns up heat on Nestle

    Nestle (NESN.S) faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world's largest food company. The letter and presentation, published on a new Third Point website, come a year after the firm, run by billionaire investor Daniel Loeb, took a roughly $3 billion stake in the maker of KitKat bars and Perrier water. Analysts said they shared many of Loeb's concerns about Nestle and agreed with some of his prescriptions.

  • New salvo from activist investor turns up heat on Nestle
    Reuters19 days ago

    New salvo from activist investor turns up heat on Nestle

    Nestle (NESN.S) faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world's largest food company. The letter and presentation, published on a new Third Point website, come a year after the firm, run by billionaire investor Daniel Loeb, took a roughly $3 billion stake in the maker of KitKat bars and Perrier water. Analysts said they shared many of Loeb's concerns about Nestle and agreed with some of his prescriptions.

  • Reuters19 days ago

    Nestle says it is delivering results after activist shareholder attack

    Nestle (NESN.S) said its management and board were delivering results after the world's largest packaged food maker came under renewed pressure from activist shareholder Third Point to be bolder and faster in its overhaul. The maker of KitKat chocolate bars and Nescafe instant coffee is currently implementing an "accelerated long-term value creation strategy," it said in a statement on Monday without referring directly to Third Point. The response came after Third Point, a New York-based hedge fund, sent a letter to Nestle's board and published a presentation online on Sunday calling for more urgent action and recommending steps it says could result in Nestle doubling its earnings per share by 2022.

  • TheStreet.com19 days ago

    Nestle Responds to Third Point Pressure, Says 'Delivering Results'

    hit back at activist investor Dan Loeb and his Third Point LLC hedge fund Monday, insisting the company is "delivering results" for shareholders but noted that it takes "all shareholders' perspectives seriously" and values continued input. Nestle said that it's repositioned its portfolio to focus on high growth, high margin businesses, put CEO Ulf Mark Schneider in place to lead its Nutrition, Health and Wellness strategy and completed a global coffee sales partnership with Starbucks Corp. The comments followed a Sunday letter from Loeb and Third Point, which built a $3 billion stake in the Vevey, Switzerland-based group last year, calling for "urgency - rather than incrementalism" in changes to the group's broader strategy, which Loeb insists should be focused on three main business areas -- beverages, nutrition and groceries -- and must include the sale of divisions such as frozen foods and confectionary.

  • Nestle vs Dan Loeb: the Art of the Deal
    Bloomberg19 days ago

    Nestle vs Dan Loeb: the Art of the Deal

    Nestle SA saw off an assault from Dan Loeb last year by conceding a little ground. The Swiss consumer goods giant can probably use the same tactic again now that the activist behind Third Point LLC has stepped up his attack. Loeb's arguments still stack up.

  • TheStreet.com19 days ago

    Tesla, Nestle, Dell and LeBron James - 5 Things You Must Know

    1. -- Stocks Slide as Trade Tensions Dent Sentiment U.S. stock futures declined on Monday, July 2, and global stocks fell as trade tensions between Washington and its major economic partners continued to weigh on market sentiment. With just days to go before Donald Trump's decision to impose fresh tariffs on $34 billion in China-made goods goes into effect, and with investors in the region fearing a prolonged trade war could sap growth prospects in the world's second-largest economy, China's benchmark Shanghai Composite fell 2.52%, slipping further into bear market territory. Earnings are expected Monday from Herman Miller Inc.