NSRGY - Nestle S.A.
| Previous Close | 103.26 |
| Open | 103.46 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 103.10 - 103.80 |
| 52 Week Range | 78.62 - 114.87 |
| Volume | 306,381 |
| Avg. Volume | 429,771 |
| Market Cap | 297.141B |
| Beta (3Y Monthly) | 0.35 |
| PE Ratio (TTM) | 38.78 |
| EPS (TTM) | 2.67 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.42 (2.35%) |
| Ex-Dividend Date | 2019-04-15 |
| 1y Target Est | 119.36 |
- Yahoo Finance Video
Nestlé debuts two new plant-based offerings
Nestlé is the next brand to start expanding its plant-based offerings. The company will now have meatless DiGiorno and Stouffer's offerings made with Sweet Earth Awesome Grounds, a plant-based ground beef alternative. John Carmichael, President of Nestlé Foods Division, joined The Final Round to discuss
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.
- Barrons.com
Beyond Meat Stock Takes a Hit as Yet Another Analyst Won’t Recommend It
Oppenheimer’s Rupesh Parikh likes the Beyond Meat Brand but can’t get over the stock’s high valuation. That mirrors the majority of Wall Street opinion.
- Reuters
Nestle to use Nutri-Score nutrition-labeling in Europe
Nestle will give its food products ratings according to their nutritional value, the packaged food company said, so customers can better decide the healthiness of their shopping. The maker of KitKat chocolate bars and Nesquik milkshake powder will introduce a labeling system using colors in Austria, Belgium, France, Germany and Switzerland, starting in the first half of 2020. Nestle said more than more than 5,000 products in the five countries will feature Nutri-Score, a color-coded system which rates food from Green and the letter A, for healthier products, to red and the letter E, for products whose ingredients are less healthy.
- Bloomberg
Nestle Sees $250 Million Boost for Starbucks Products
(Bloomberg) -- Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the U.S. coffee giant.Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said Tuesday in response to questions. Last year, Nestle paid more than $7 billion for licenses to use the Starbucks brand for products sold in grocery stores.The move has given a boost to Nespresso, where growth has eased due to competition from cheap imitation pods. Nestle has been hesitant to offer its coffee brand’s capsules in supermarkets because it prefers to keep control over how they’re sold. However, the Swiss company has been using the Starbucks tie-up as an avenue into grocery aisles.The alliance could help Nespresso return to annual revenue growth exceeding 10%, Patrice Bula, chairman of the brand, said in February. As part of the agreement, the world’s largest food company took over a $2 billion business that made Starbucks products for grocery stores.Nestle plans to add 10 more markets next year for the products, including Argentina, Colombia and Panama, which would bring the total to 50. The company will introduce Starbucks-branded soluble coffee next year and expand sales of the broader range to offices and hotels. (Updates last paragraph to include detail on expanded sales. An earlier version of this story corrected details of product in last paragraph.)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, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Alibaba Sold a Record Amount of Stuff on Singles Day. Apple and Lots of Other Brands Scored Too.
The e-commerce giant sold $38.4 billion worth of products in 24 hours during its Singles Day shopping extravaganza, an increase of 26% compared with 2018.
- GuruFocus.com
Starbucks: Starting Fiscal 2020 on the Front Foot
A look at the company's strong 2019 financial results Continue reading...
- MarketWatch
Coca-Cola, Nestlé and Pepsi top this list of plastic violators, and there’s been a solar breakthrough from Sweden
Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. BreakFreeFromPlastic, a three-year-old organization of some 1,800 members working to tackle plastic pollution has called in the volunteers that tally top plastic polluters by brand, and the amount of refuse clogging the world’s waterways remains alarming.
- Yahoo Finance
How Beyond Meat is like Tesla
There are parallels between Beyond Meat and Tesla, says the CEO of the plant-based protein company.
- Reuters
UPDATE 1-As population grows, human diet must cut down on meat, sugar, salt -Nestlé exec
Nestlé SA, one of the world's largest food processors, believes population growth will require human diets to adapt, reducing consumption of sugar, salt and meat products, an executive said on Wednesday. "We have 7.5 billion people and the population continues to grow, so there is a need to eat more vegetables, cereals, and less sugar, meat products," said Laurent Freixe, Executive Vice President and head of operations in the Americas.
- Reuters
As population grows, human diet must cut down on meat, sugar, salt - Nestlé exec
Nestlé SA , one of the world's largest food processors, believes population growth will require human diets to adapt, reducing consumption of sugar, salt and meat products, an executive said on Wednesday. "We have 7.5 billion people and the population continues to grow, so there is a need to eat more vegetables, cereals, and less sugar, meat products," said Laurent Freixe, Executive Vice President and head of operations in the Americas.
- Reuters
INSIGHT-In hungry Venezuela, food producers step up exports to survive
Shrimp farming is booming in this western Venezuelan city, but little of the shellfish is destined for tables in this malnourished nation. About 90% of this shrimp is headed for Europe and Asia - with the blessing of President Nicolas Maduro. Venezuela's leader has lauded food exports on television as a way to raise hard currency to stabilize an economy in crisis.
- Moody's
Nestle Finance International Ltd. -- Moody's downgrades Nestlé to Aa3; stable outlook
Moody's Investors Service ("Moody's") has today downgraded to Aa3 from Aa2 the issuer rating of Nestlé S.A., the world's largest food and beverage group. Concurrently, the agency has downgraded to Aa3 from Aa2 the senior unsecured long-term ratings of its guaranteed subsidiaries and affirmed the Prime-1 (P-1) short-term ratings. The rating action follows the announcement on 17 October that the company plans to undertake an additional CHF 20 billion share buyback to be completed over the next three years.
- Market Exclusive
Market Weekend: Brexit Purgatory, Syria Troops to Iraq, J&J Arsenic, JPMorgan ‘Big Liquidity Thing’
Brexit Purgatory Continues As the world turns, so the Brexit saga continues. Futures traders are now betting the odds of first contact with an alien species of hyperintelligent snails is more likely than this chapter ever being closed. (This is not to be taken literally.) SEE: AMP Signs Cannabis Distribution Agreement with CC Pharma What happened […]The post Market Weekend: Brexit Purgatory, Syria Troops to Iraq, J&J Arsenic, JPMorgan ‘Big Liquidity Thing’ appeared first on Market Exclusive.
- 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.
