|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||83.70 - 84.14|
|52 Week Range||73.59 - 87.85|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||31.42|
|Forward Dividend & Yield||2.42 (2.86%)|
|1y Target Est||101.48|
Nestle (NESN.S) next month will start to drop plastic straws from its products and is working on biodegradable water bottles in a drive to reduce plastic waste, it said on Tuesday. The steps are part of a campaign launched last year by firms including the Swiss group, the world's biggest packaged food company, to make all packaging recyclable or reusable by 2025. Nestle said from February it would start using alternative materials such as paper and adopt designs to replace plastic straws and reduce litter.
Nestle next month will start to drop plastic straws from its products and is working on biodegradable water bottles in a drive to reduce plastic waste, it said on Tuesday. The steps are part of a campaign launched last year by firms including the Swiss group, the world's biggest packaged food company, to make all packaging recyclable or reusable by 2025. Nestle said from February it would start using alternative materials such as paper and adopt designs to replace plastic straws and reduce litter.
Food group Nestle said on Thursday a ruling by India's Supreme Court marked a partial victory in its row with the government over Maggi noodles. Maggi, Nestle India's single-largest revenue earner, was ...
ZURICH (Reuters) - Food group Nestle (NESN.S) said on Thursday a ruling by India's Supreme Court marked a partial victory in its row with the government over Maggi noodles. Maggi, Nestle India's single-largest ...
If your answer was the latter, you should buy Starbucks (NASDAQ:SBUX) stock. Over the last three months, while the average stock in the S&P 500 has dropped 15%, SBUX stock has risen 11%. In the week following the results, SBUX stock climbed $11, and it has kept most of that gain, dropping less than $4 in December.
The world's biggest packaged food maker Nestle (NESN.S) has ramped up stock in Britain to prepare for any challenges it may face in supplying the country following Britain's divorce from the EU, CEO Ulf Mark Schneider said in an interview. "As a precaution, we've increased our stockpiles in Britain in key areas," Schneider told Germany's Frankfurter Allgemeine Zeitung in an interview, to be published on Saturday. "We've got the courage for it and will seize good opportunities to buy," Schneider said.
MEXICO CITY (Reuters) - Packaged food company Nestle (NESN.S) said on Tuesday that it will invest $154 million(121.81 million pounds) next year to launch a new coffee processing plant in the Mexican state ...
Swiss food giant Nestle (NESN.S) is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the company said on Monday. Nestle, which employs more than 330,000 people worldwide, had already said in June that it would close its factory in Ludwigsburg, near Stuttgart, where it employs around 100 staff to make the coffee-substitute drink Caro and roasted cereals.
Before we spend many hours researching a company, we’d like to analyze what insiders, hedge funds and billionaire investors think of the stock first. We would like to do so because the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of […]
Nestle (NESN.S) has recalled a batch of its Alfamino amino acid specialist infant formula in Germany, saying a number of the products have a substantially increased dose of minerals that could make children sick. "A baby that consumes a product from amongst these few (faulty) tins, can become sick with symptoms such as nausea, vomiting and headaches," Nestle Germany said on its website late on Wednesday. The faulty products were amongst Alfamino 400-gram tins produced under the batch number 80250346GA.
Nestle Chairman Paul Bulcke said the food giant's stake in French cosmetics firm L'Oreal was "something active on the board's agenda" in an interview with the Financial Times published on Monday ...
Third Point, the hedge fund founded by Mr. Loeb, has sunk roughly $4.5 billion into the two food companies, which now account for a full 17% of the fund’s net exposure. Mr. Loeb has a much bigger investment in Nestlé, but his approach with Campbell Soup has been notably more aggressive.
Salesforce, Campbell Soup, Unilever, GlaxoSmithKline, Apple and Google are the companies to watch.
HONG KONG/ZURICH (Reuters) - Unilever (ULVR.L) has emerged as the leading bidder in a tight contest for GlaxoSmithKline's (GSK.L) Indian Horlicks nutrition business, three people familiar with the situation told Reuters on Wednesday. If it is able to clinch the deal, Unilever will trump fellow European consumer giant Nestle (NESN.S), the other main contender to buy Horlicks and other GSK consumer healthcare assets in India. One source said Unilever had been given "preferential treatment" to complete the deal but did not have exclusivity in negotiations, so it was possible GSK might re-open talks with Nestle if it could not agree terms with Unilever.
GlaxoSmithKline beat a rival bid from Swiss rival Nestle (NESN.S) which was also bidding for the unit and looking to expand its portfolio in the powdered hot beverages category, the report added. In September, sources had told Reuters that Nestle, Unilever and Coca-Cola (KO.N) were among bidders for GSK's Indian Horlicks nutrition business and that Nestle was particularly well-suited to buy the business. GSK and Unilever did not immediately respond to a request seeking comment outside regular business hours.
You might not think about it too much, but some of the best stocks to buy are also the most responsible. In a kill-or-be-killed environment, you don’t expect the investment sector to be conducive for a morality lesson. Various studies demonstrate that generous organizations can reap significant profits for their efforts.
Swiss food giant Nestle (NESN.S) will relocate the headquarters of coffee business Nespresso in 2021 from Lausanne to the group's main campus in Vevey, 20 km (12 miles) away, to save money. Nespresso employs more than 13,000 people worldwide, out of a total Nestle workforce of 323,000. "The move of Nespresso to Vevey offers the advantages of being closer to the group headquarters, while allowing Nespresso to remain fully concentrated on its business," Nestle said.
Nestle's (NESN.S) Purina PetCare division could cut around 200 jobs in France through voluntary departures and it is also exploring options for its Quimperle plant in Brittany, including a sale, said a Nestle France spokesman. The spokesman made the comments after trade unions at Nestle Purina said the company could sell the Quimperle plant, which employs 123 people, and cut jobs at the Marconnelle, Montfort, Aubigny and Veauche plants in France to cut costs. Nestle Purina France currently employs 1,800 people.
The deal raises Nestle's stake to about 19 percent from 14.5 percent as of Feb. 26 and its total investment in Aimmune to $273 million. The companies also extended their two-year strategic pact to develop therapies for food allergies by another two years, Aimmune said on Monday. In the United States, there is no approved treatment for peanut allergies, a medical condition that is becoming increasingly common and could be fatal.
Starbucks Corp. (NASDAQ: SBUX) posted strong fourth-quarter results Thursday, reporting earnings per share of 62 cents per share, beating a 60-cent estimate. Bank of America Merrill Lynch analyst Gregory R. Francfort maintained a Buy on Starbucks and raised the price objective from $64 to $68. Morgan Stanley analyst John Glass maintained an Equal-weight rating and raised the price target from $59 to $64.