NSRGY - Nestlé S.A.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 119.59 |
| Open | 120.32 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 119.94 - 120.50 |
| 52 Week Range | 102.78 - 131.64 |
| Volume | |
| Avg. Volume | 205,577 |
| Market Cap | 321.247B |
| Beta (5Y Monthly) | 0.31 |
| PE Ratio (TTM) | 31.68 |
| EPS (TTM) | 3.79 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.19 (2.65%) |
| Ex-Dividend Date | Apr 24, 2023 |
| 1y Target Est | 139.00 |
Fair Value
Related Research
ReutersNestle trials giving cash to coffee farmers who grow beans sustainably
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.
BenzingaAmazon Delays Zero Emissions Goal, ChatGPT Makes Up Fake Legal Cases, New CFO for Unilever and Nestle: Today's Top Stories
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
BloombergUnilever and Nestle to Appoint New Finance Chiefs as Industry Battles Inflation
(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
GlobeNewswireNestlé announces François-Xavier Roger stepping down, Anna Manz named as CFO
[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
Simply Wall St.Is Nestlé S.A. (VTX:NESN) A High Quality Stock To Own?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
PR Newswire22nd Annual Purina Cares Day Featured Food Distribution to People and Pets In-Need, Service Projects Throughout St. Louis and Across the Country
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.
- Financial Times
Infant formula producers probed by FTC over bids for government contracts
Inquiry by US regulator focuses on whether manufacturers colluded in relation to programme for low-income families
BenzingaIs There Collusion in the Baby-Formula Industry?: FTC Scrutinizes State Contracts Bidding Process
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 VideoFTC investigating baby-formula makers on suspected collusion
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 Wall Street JournalBaby-Formula Makers Face FTC Investigation for Collusion
The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts.
Fox BusinessFTC probing Abbott, other baby-formula makers for collusion
Regulators are reportedly investigating whether the companies that produce baby-formula colluded on bids for lucrative state contracts.
- GlobeNewswire
Nestlé announces retirement of Magdi Batato, Stephanie Pullings Hart appointed as next Head of Operations
[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.
- Simply Wall St.
Investing in Nestlé (VTX:NESN) five years ago would have delivered you a 71% gain
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TheStreet.comNestle Is About to Make a Big Decision (It Might Affect Your Coffee)
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.
American City Business JournalsHere's a timeline of Seres' 12-year trek to one of the first microbiome drugs
The approval of Seres' microbiome drug took 12 years. Here's a timeline of major milestones and setbacks along the way.
ReutersNestle uses Airbus satellites to monitor reforestation in Thailand
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.
BenzingaNestle Reports Solid Sales Growth In Q1 On Strong Pricing Growth Amid Inflation
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
ReutersPrice hikes boost profits at global consumer giants; will spending last?
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.
ReutersWRAPUP 4-Price hikes boost profits at global consumer giants; will spending last?
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.
ReutersKitKat sweetens Nestle sales with Easter, Valentine's Day comeback
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.
- Reuters
UPDATE 4-Nestle beats quarterly sales estimates with price hikes
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%.
- GlobeNewswire
Nestlé reports three-month sales for 2023
[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
- Simply Wall St.
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Nestlé (VTX:NESN) Is Paying Out A Larger Dividend Than Last Year
The board of Nestlé S.A. ( VTX:NESN ) has announced that it will be paying its dividend of CHF2.95 on the 26th of...