NSRGY - Nestle S.A.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 106.63 |
| Open | 104.93 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 104.64 - 106.26 |
| 52 Week Range | 88.00 - 114.87 |
| Volume | 318,913 |
| Avg. Volume | 936,771 |
| Market Cap | 310.644B |
| Beta (5Y Monthly) | 0.31 |
| PE Ratio (TTM) | 39.56 |
| EPS (TTM) | 2.67 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.76 (2.59%) |
| Ex-Dividend Date | Apr 27, 2020 |
| 1y Target Est | 120.80 |
Fair Value
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The COVID-19 coronavirus pandemic is taking a terrible toll on human life, straining global healthcare systems and disrupting daily life. It's eliminating American jobs at an unprecedented pace, too.More than 36 million Americans filed for unemployment benefits between March 15 and May 8. The U.S. unemployment rate reached 14.7% in April, and Treasury Secretary Steven Mnuchin acknowledged, at its worst, that figure could reach Great Depression levels around 25%. If so, that would equate to job losses several times more than what America suffered during the Great Recession of 2007-08.But if you've suddenly found yourself on the job search, dozens of companies might be looking for you. A few sectors are seeing a huge spike in demand, and as a result, several companies are hiring thousands, tens of thousands, even hundreds of thousands of workers right now.Employment categories currently seeing a surge in hiring include grocery stores, food delivery services, package delivery drivers, freight trucking, cleaning services, call centers, e-commerce warehouses and logistics, nursing homes, online tutors, manufacturers of popular shelf-stable food products, pharmacies and security services.To help anyone out there trying to find a job, we've compiled a list of 37 of the largest, best-known companies hiring now in response to coronavirus-sparked demand. This list includes what types of job openings are available, how many, and direct links to job application sites. Many of these companies have declared nationwide openings, so there's a good chance that several of these places are hiring near you. SEE ALSO: 11 Things That May Soon Disappear Forever
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Abbvie's deal for Allergan clears U.S. antitrust hurdle
The deal for AbbVie Inc. to buy Allergan Plc. has cleared an antitrust hurdle, the companies said late Tuesday. The U.S. Federal Trade Commission has accepted a proposed consent order in connection with the pending acquisition, satisfying "all required antitrust clearances needed" for the deal, they said. As part of order, Allergan has agreed to sell some treatments to AstraZeneca Plc. and Nestle SA . The two companies also said they have amended their agreement to stipulate that only one Allergan director will join the AbbVie board after the close. Allergan's current Chairman and Chief Executive Brent Saunders has elected not to join the AbbVie board "to provide more flexibility to pursue other opportunities in the sector," the companies said. The deal's closing remains subject to other closing conditions, including a hearing in Ireland on Wednesday.
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- InvestorPlace
Starbucks Is About to Benefit From the Coronavirus
Morningstar.com recently highlighted nine undervalued stocks with moats. One of those on the list is Starbucks (NASDAQ:SBUX), which Morningstar considers to have a wide moat and gives SBUX stock four out of five stars. Source: Grand Warszawski / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsI, too, believe there are many reasons why Starbucks is worth owning despite the novel coronavirus pandemic. However, it is the company's move to distance itself from the grocery-store aisles that could deliver unexpected rewards during the Covid-19 pandemic.If you're thinking the benefit has something to do with Luckin Coffee's (NASDAQ:LK) fall from grace you'd be wrong. That said, Luckin is going to have a hard time recovering from the current fraud allegations, which leaves Starbucks as the undisputed champion of the Chinese coffee market.And that's nothing to sneeze about. The Sale Heard 'Round the WorldHowever, the benefit I'm speaking about requires that we go back to May 2018, when Starbucks sold the rights to its packaged coffee, tea and ready-to-drink products in the grocery store channel. Nestle (OTCMKTS:NSRGY) paid $7.2 billion for the licensing rights. Almost two years later, the global coffee alliance the two companies formed appears to be delivering on its potential.That's great news for both shareholders. * 11 Stocks and Funds Perfect for Crisis InvestingFor Starbucks, CEO Kevin Johnson said at the time of the deal that it "will bring the Starbucks experience to the homes of millions more around the world." What he didn't say is that it would allow the company to focus on what it does best, while Nestle could do what it does best in the grocery store market. Also, Nestle got an additional global brand to sell right beside its Nespresso offerings. It was a case of one plus one equals three. More importantly, the cash Starbucks received in August 2018 when the deal closed is helping the company deal with the downturn in its business in 2020. How's that? Well, in the third quarter of 2018, Starbucks had $2 billion in cash and short-term investments on its balance sheet. At the end of its fiscal year, it had $8.9 billion in cash and short-term investments, almost five times as much liquidity. That liquidity enabled it to borrow more money to speed up its growth in China. And now that Luckin looks to have shot itself in the foot, the bet is looking even smarter. Where's the Global Coffee Alliance Today?In February, Nestle's head of coffee, David Rennie, and Starbucks' head of global channel development, John Culver -- it includes consumer packaged goods, food service, and Evolution Fresh -- held a joint telephone interview to discuss the launch of Starbucks-branded capsules for Nestle's Nespresso and Dolce Gusto single-serve coffee brewers. "We expect this business to continue to grow for the foreseeable future," Rennie said. "We'll be in 50 markets by the end of this quarter."Since Nestle acquired the rights to Starbucks products in the grocery store channel, it's grown sales in the U.S. by 15% to $2.3 billion. Culver believes that the global coffee alliance has lots of growth available outside North America, so there's no question Starbucks was wise to pass the baton to an organization that is deeply embedded in markets around the world. Rennie suggested that Nestle had seen an increase in online orders in China as a result of the coronavirus. According to the International Coffee Organization's report for the week ended April 18, the demand for coffee was way up. In France and Italy, coffee spending was up 35% and 30%, respectively.While the surge in demand has pushed wholesale coffee prices higher to meet the demand, and that would put a crimp in gross margins for Nestle, the corresponding surge in sales should be music to the ears of Starbucks shareholders, because Nestle pays a royalty on sales, almost all of it Starbucks profit. The Bottom Line on SBUX StockIn March, I said SBUX stock was a good buy under $50; a very good buy under $40. It didn't quite make it to $50. Now trading above $70, I'm reluctant to recommend it unless you plan to hold for five years or more. However, I like the way China and its global coffee alliance are setting up for continued growth on both the top and bottom lines. If it falls into the mid-$60, I'd say go ahead. In the meantime, I'd keep it on your watchlist.Will Ashworth has written about investments full-time since 2008. Publications where he's appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Starbucks Is About to Benefit From the Coronavirus appeared first on InvestorPlace.
- MarketWatch
Nestle backs 2020 guidance, but reports drop in sales
Nestle SA said Friday that sales fell in the first quarter and backed its full-year guidance as it is still early to assess the full impact of Covid-19.
- Reuters
Hoarding for lockdown drives best Nestle sales growth in years
Sales in North America and Europe were particularly strong in March, helping to drive an overall rise of 4.3% in the first three months of the year, beating analyst expectations for a 3% increase. In North America, Purina Pet care sales rose by a double-digit percentage while Nescafe and Coffee Mate drinks had high single-digit increases. Chief Executive Mark Schneider said Nestle was working to adapt to the virus conditions and ensure it had enough raw materials and factory capacity to meet the increased demand, while also taking safety precautions against COVID-19.
- Zacks
The Zacks Analyst Blog Highlights: Starbucks, Keurig Dr Pepper, Nestle and The J. M. Smucker Company
The Zacks Analyst Blog Highlights: Starbucks, Keurig Dr Pepper, Nestle and The J. M. Smucker Company
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Starbucks Stock Catches a Luckin Break, But Its Future Is Bleak
Starbucks (NASDAQ:SBUX) stock caught a break when Luckin Coffee (NASDAQ:LK), which claimed to be its Chinese nightmare, turned out to be a fraud.Source: Natee Meepian / Shutterstock.com Until the fraud was discovered, Luckin Coffee had everyone fooled. It had me fooled, although I wasn't recommending you buy it.If Starbucks had ever been a direct competitor to Luckin, it might be in better shape. Luckin was basically Starbucks take-out and delivery.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Starbucks never was a direct competitor to Luckin. As I wrote last month "Starbucks sells coffee as a luxury good." The couches, the Wi-Fi, the soothing music, they're all part of the thing. Even if you just grab-and-go, you know they're there. It's what you pay for.That is Starbucks' real problem. Getting Past the VirusUnless it gets new capital in some form, SBUX stock is facing an existential threat from the novel coronavirus.At the end of December, Starbucks had $3 billion in cash. It cost $5 billion to run the business for those three months. When Starbucks next reports revenue it won't be close to last quarter's $7 billion. Remember, the March quarter saw the heart of the disaster in China, its second-largest market. * 7 Dividend Stocks at Risk of Slashing Payouts The June quarter is going to be even worse. China will be coming back online. But it may be some time before Chinese consumers are comfortable lounging together. It will certainly take time for them to start spending $4.80 for a cup of coffee again.For now, Starbucks is doing everything it can to be a good citizen. It's paying people into May whether they show up or not. It's giving coffee to first responders. Its employees are making masks.But it's clear America's response to the virus is nothing like China's was. The "lessons" CEO Kevin Johnson says he learned from China may not apply here. We may be in for a much longer shutdown.For that reason I find the idea of buying Starbucks after its 3% Luckin "relief rally" ridiculous. Employees are already asking it to close stores completely, admitting that coffee "is not essential."That may be true for coffee bought by the drink in a store. But take it from this freelance journalist, coffee is still essential.Thereby hangs a tail. A Nestle Bailout?If things get very tight, and I think they will, there may be a way out for Starbucks.Starbucks sold its packaged coffee business to Nestle (OTCMKTS:NSRGY) in 2018. At the time it was considered a masterstroke. The $7.2 billion went back into opening stores.The only product sales from which Starbucks gets a retail profit now are those made in its stores. On others it gets the equivalent of a royalty. Thanks to Starbucks, Nestle also has an easy path to pushing its Nespresso coffee machines on Chinese businesses. Those machines might be stocked with Starbucks-branded pods, but they also reduce in-store sales.This does not make SBUX stock a buy, except perhaps for Nestle. Nestle has a $307 billion market capitalization and is doing well enough to keep up its dividend. As of April 3, Starbucks had a market cap of $74 billion. If a lifeline is needed, there may be one there. But the depth of the problem will have to become clear to investors before it's offered. The Bottom Line on SBUX StockStarbucks is in triage mode right now. It is trying to save its reputation.This is a good thing. But it may not be enough to survive as a stand-alone company. It's certainly not worth $74 billion.If I were a short-seller, and I'm not, I might consider buying puts on SBUX stock here.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Starbucks Stock Catches a Luckin Break, But Its Future Is Bleak appeared first on InvestorPlace.
- TheStreet.com
Nestle Keeps Their Products Moving as the Charts Maintain Their Long-Term Trend
In another 'Executive Interview' segment of Mad Money Wednesday night, Jim Cramer checked in with the world's largest food maker, Nestle SA , by speaking with Mark Schneider, the company's CEO. Schneider said the world is restocking their pantries and Nestle's sole focus at the moment is keeping store shelves stocked with the essential products the world needs. This includes pet food which was already Nestle's best performing category for the year.
- Benzinga
Nestle CEO Says Snack Foods 'Just As Important As Essential Nutrients'
Global food behemoth Nestle (OTC: NSRGY) is "scrambling to meet demand" to keep the world fed, but doesn't want to take much credit, as "this is our main purpose at this hour," CEO Mark Schneider said Wednesday during a "Mad Money" interview with Jim Cramer.Nestle's Premium Food Products Cramer credits Nestle with success across multiple "premiumization" categories, including vegan, sustainable and organic. Schneider said these are trends playing out within the food category and will remain despite the coronavirus pandemic.It's a "worthwhile endeavor" to continue focusing on these initiatives, as they are a driver of profit, the CEO said. Candy Makes Everyone Happy Cramer said one of the few items keeping his family happy during this difficult time in New York City is their shared love of candy. Schneider agreed and said snacking and comfort food are "just as important as essential nutrients."Everyone at Nestle, including those working at factories and distribution centers, are motivated to make sure the world can enjoy their snacks, he said.Nestle's Plastic Bottle Update Sustainable packaging remains a key focus, at Nestle as it needs to be included across all product lines, the CEO said.Some of the solutions the company is exploring include biodegradable and reusable. The company is "making good progress" toward its 2025 goals, and this year's goal of eliminating plastic straws is still a focus, Schneider said. "All business initiatives are working well."Related Links:7 New Food Items We Can't Wait To Eat: Shackburger, Big King XL And MoreConagra CEO Talks Chef Boyardee: Nostalgia Is AliveSee more from Benzinga * Nestle CEO Talks 2019 Performance, Outlook For 2020 And Beyond(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Reuters
Nestle buys Lily's Kitchen pet food, sees some coronavirus stockpiling
Nestle <NESN.S> bought London-based Lily's Kitchen that makes food for dogs and cats in the higher-priced segment, the Swiss group said on Wednesday, as it bulks up in pet food, its fastest-growing product category. Purina PetCare had 7.0% organic growth and sales of 13.622 billion Swiss francs ($14.12 billion) in 2019, outpacing Nestle's other categories. Most of Lily's Kitchen's products are in the so-called premium segment that grew at a double-digit rate for Nestle last year.
- Reuters
Nestle staff to get full salary for three months where COVID-19 halts work
The move will cover both part-time and salaried employees as well as those working in its retail operations - the Kit Kat Chocolatory and Nespresso boutiques - which have been temporarily closed in some places, the company said in a statement. It will also pay bonuses to salaried employees of its Canadian factories who cannot work from home. "The COVID-19 pandemic is a global problem and consequently we are offering help on the ground everywhere," Nestle Chief Executive Officer Mark Schneider said in a statement.
- Reuters
Nestle says cuts deforestation in its cocoa supply chain
Nestle, the world's biggest food company, says it has made significant progress removing cocoa produced in protected forests in West Africa from its supply chain as pressure builds from consumers and governments for ethically sourced cocoa. The company said it had mapped, using GPS co-ordinates, 75% of the 120,000 cocoa farms it sources from directly in Ivory Coast and Ghana, which produce some two thirds of the world's cocoa. It found around 3,700 farms in protected forests in the process of mapping, and removed them from its supply chain.
- Reuters
Nestle CEO tells staff to get ready for coronavirus storm: memo
Food giant Nestle <NESN.S> told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they need, Chief Executive Mark Schneider said in a memorandum seen by Reuters. "This is the moment for extra effort, for going the extra mile," Schneider said in a message to staff, distributed internally on Friday. "Please get ready for the storm to hit – because hit it will," Schneider added.
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3 Reasons To Get Cautious On Beyond Meat Stock
Since late January, Beyond Meat (NASDAQ:BYND) has been under some selling pressure. Keep in mind that the shares have gone from $120 to $99.Source: calimedia / Shutterstock.com But of course, since the company went public in May 2019, this kind of volatility has been the norm. To get a sense of things, the initial offering price was $25 and the high was $239 on Beyond Meat stock, less than a year into trading.Yes it's typical to see wide swings with a hyper-growth IPO. And yet, Beyond Meat has been able to maintain its staggering ramp. During the latest quarter, the company reported revenues of $298 million, up 239% on a year-over-year basis. The company's plant-based meat offerings are available in more than 77,000 retail restaurants and foodservice outlets in over 65 countries. Just some of their marquee customers include Starbucks (NASDAQ:SBUX), Mcdonald's (NYSE:MCD) and Dunkin Brands Group (NASDAQ:DNKN).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Stocks to Buy If People Get Stuck at Home But despite all this, I actually think there are some things that investors need to be worried about. Why so? Well, let's take a look at three bearish factors for Beyond Meat stock: How Big Is The Opportunity…Really?According to research from UBS, the market for plant-based meat alternatives is forecasted to go from $4.6 billion in 2018 to a staggering $85 billion by 2030. And this estimate is not an outlier. Various other reports show strong growth.But investors should still take this with a grain of salt. After all, these forecasts are generally for the next five to ten years. So yes, that much can happen during such a short period of time.There are also some signs that adoption may not be as widespread. For example, a survey from Piper Sandler of 3,500 adults showed that 62% were not interested in plant-based meats.Something else: The health benefits may not be as strong as believed. Note that Beyond Meat is a processed food, with high levels of sodium and saturated fats.True, there are other reasons people eat plant-based meats, such as for animal welfare and even helping deal with climate change. But if the health benefits are not as great, then this could certainly mute some of the demand. CompetitionWhile Beyond Meat is the pioneer in its category and has developed its own intellectual property, these advantages may represent a weak moat. The fact is that there are numerous other companies also focused on the opportunity.For example, there are startup operations like Impossible Foods Inc. that have raised substantial amounts of venture capital. Traditional food companies are also developing their own alternatives, such as Nestle (OTCMKTS:NSRGY), Cargill and Tyson Foods (NYSE:TSN). Such companies have strong distribution footprints and savvy marketing capabilities.In fact, there are already signs of pricing pressures, which could weigh on margins for Beyond Meat. To this end, Impossible Foods recently discounted its wholesale products by 15%. Valuation On Beyond Meat StockThe valuation on Beyond Meat stock is certainly far from cheap. Note that the shares currently trade at about 13.5 times sales. This is something you typically see with a red-hot software startup, not a food manufacturer.Wall Street analysts are also skeptical. The average price target is $103, which assumes only about 4% upside from current levels.Now it's true that there should be a premium on Beyond Meat stock. But still, it does seem like much of the good news is already baked in. So even a slight deceleration in growth -- which seems reasonable because of the competition and pressure on margins -- makes the shares vulnerable.Tom Taulli (@ttaulli) is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks to Buy If People Get Stuck at Home * 7 Strong Value Stocks to Buy for 2020 * 5 High-Yield Dividend Stocks With Great Buyback Programs The post 3 Reasons To Get Cautious On Beyond Meat Stock appeared first on InvestorPlace.
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