|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||119.94 - 120.50|
|52 Week Range||102.78 - 131.64|
|Beta (5Y Monthly)||0.31|
|PE Ratio (TTM)||31.68|
|Forward Dividend & Yield||3.19 (2.65%)|
|Ex-Dividend Date||Apr 24, 2023|
|1y Target Est||139.00|
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Nestle is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business by 2030, the food company said on Tuesday. The move comes as major consumer goods companies face increased reputational and legal pressure to clean up their supply chains globally. Nestle, the world's largest packaged food company has pledged to spend $1 billion by 2030 on its plan to source coffee sustainably, which now includes efforts to boost farmer income.
Benzinga BHP and Microsoft: An Unlikely Duo Boosting Copper Mining with AI BHP Group Ltd (NYSE: BHP) is collaborating with Microsoft Corp (NASDAQ: MSFT) to use artificial intelligence and machine learning to improve copper mining. The use of new digital technology to optimize concentrator performance at BHP’s Escondida operation in Chile is expected to improve copper recovery. BHP estimates the world would need to double the amount of copper produced over the next 30 years, relative to the past
(Bloomberg) -- Nestlé SA and Unilever Plc are replacing their veteran chief financial officers, part of a changing of the guard at consumer-goods companies as inflation pressures the industry.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Vevey/Switzerland, May 30, 2023 Nestlé announces François-Xavier Roger stepping down, Anna Manz named as CFO After eight years with Nestlé, François-Xavier Roger, Executive Vice President and Chief Financial Officer, has decided to step down and to pursue new professional challenges. François has provided strong financial leadership and driven sustainable value crea
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Since its founding nearly 129 years ago, Purina has been giving back to pets and people in need. Each May, the company's associates from across the United States are encouraged to take time away from work to volunteer in their communities. This past Tuesday, nearly 2,000 St. Louis-based Purina employees took part in the company's 22nd annual Purina Cares Day – a workday devoted to community service.
Inquiry by US regulator focuses on whether manufacturers colluded in relation to programme for low-income families
The Federal Trade Commission's (FTC) investigation concerns potential collusion among baby-formula manufacturers as it examines whether companies like Abbott Laboratories (NYSE: ABT) and other formula manufacturers have engaged in collusion or coordination while bidding for state contracts. Furthermore, the agency is also exploring whether the coordination among these companies has had a broader impact on sales outside of the Women, Infants, and Children (WIC) formula-supply program, as stated b
Yahoo Finance health care reporter Anjalee Khemlani discusses the ongoing investigation by the FTC of baby-formula makers, including Abbott Laboratories, Perrigo, and Nestle, on suspected collusion.
The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts.
Regulators are reportedly investigating whether the companies that produce baby-formula colluded on bids for lucrative state contracts.
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Vevey/Switzerland, May 23,2023 Nestlé announces retirement of Magdi Batato, Stephanie Pullings Hart appointed as next Head of Operations Magdi Batato, Executive Vice President and Head of Operations, will take a well-deserved retirement in early 2024 after a distinguished career of over 30 years at Nestlé. He has held various roles across three different continents.
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For the billions of people around the world who consider coffee a daily mainstay, few things bring us more morning joy than the smell of a freshly brewed cup of coffee, espresso, or, if you're less picky, instant coffee. About 75% of Americans drink coffee regularly, with the bulk of the population drinking two or more cups every day. Or maybe you keep it simple with Nescafe Instant Coffee, which makes 150 cups for under $10.
The approval of Seres' microbiome drug took 12 years. Here's a timeline of major milestones and setbacks along the way.
Nestle is piloting using Airbus satellites to monitor reforestation, amid global concerns about whether consumer goods companies are doing enough to reduce their carbon footprints. Airbus' Pléiades Neo satellites will provide high-resolution images in the Ranong and Chumphon provinces of southern Thailand that will help to ensure trees Nestle has planted in sourcing regions grow long term, the world's biggest food company said. "It's more accurate because you need to go down to 30 centimetres, which is a sheet of paper," Magdi Batato, Executive Vice President, Head of Operations, at Nestle, told Reuters.
Nestle ADR (OTC: NSRGY) reported Q1 2023 sales growth of 5.6% Y/Y to CHF23.5 billion, with a positive impact of 0.3% from net acquisitions. Organic sales grew 9.3% Y/Y, led by strong pricing growth of 9.8%, reflecting higher cost inflation. Organic sales came 2 percentage points above analysts' estimates, making this one of Nestle’s biggest beats in years, as per Bloomberg. As per the report, the expectation-beating growth came amid a portfolio shakeup that was expected to weigh down short-term
NEW YORK (Reuters) -Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe and the United States. "There is uncertainty on how the consumer environment may ultimately play out in 2023,” Coca-Cola Chief Executive James Quincey said on a call with investors.
Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe and the United States. "There is uncertainty on how the consumer environment may ultimately play out in 2023,” Coca-Cola Chief Executive James Quincey said on a call with investors.
In a quarter that saw Nestle's overall sales volumes dip, the KitKat maker's candy business was a sweet spot as consumers celebrated Valentine's Day and an early Easter with largely reduced concerns over the spread of COVID-19. Confectionary sales volumes - which Nestle calls real internal growth - grew about 6% even as most other units' sales declined. "Omicron last year probably weighed on seasonal sales of confectionary around Valentine's Day," Bernstein analyst Bruno Monteyne said, adding that Easter was one week earlier this year, pulling more sales of Nestle's candy eggs into the first quarter.
Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world's biggest packaged food company increased prices to offset weak sales volumes. The Swiss company, which makes KitKat chocolate bars, Nescafe coffee and Maggi stock cubes, said sales rose 5.6% to 23.5 billion Swiss francs ($26.48 billion) in the quarter ended March 31, beating the average estimate of 23.27 billion francs in a company-provided analyst consensus. The maker of Purina pet food increased its prices by 9.8% during the quarter but sales volumes - which the company calls real internal growth - fell 0.5%.
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live 09:00 CEST Investor call audio webcast Full details on our website ............. Vevey, April 25, 2023 Nestlé reports three-month sales for 2023 Total reported sales increased by 5.6% to CHF 23.5 billion (3M-2022: CHF 22.2 billion). Foreign exchange decreased sales by 4.0%. Net acquisitions had a positive impact of 0.3%.Organic growth reached 9.3%, with
Readers hoping to buy Nestlé S.A. ( VTX:NESN ) for its dividend will need to make their move shortly, as the stock is...
Readers hoping to buy Nestlé (Malaysia) Berhad ( KLSE:NESTLE ) for its dividend will need to make their move shortly...
The board of Nestlé S.A. ( VTX:NESN ) has announced that it will be paying its dividend of CHF2.95 on the 26th of...