|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||119.89 - 121.35|
|52 Week Range||104.00 - 122.63|
|Beta (5Y Monthly)||0.22|
|PE Ratio (TTM)||25.40|
|Forward Dividend & Yield||3.07 (2.53%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||136.50|
Nestle has launched a new brand, "Wunda," to market a milk alternative made from yellow peas, the packaged food giant said on Wednesday, as it sought to further boost its presence in the fast-growing market for plant-based foods. Milk and meat alternatives made from plants are popular with health- and environment-conscious consumers and are also gaining investor attention, as demonstrated by oat milk company Oatly's recent plans for an initial public offering. Nestle's new product will be launched in three versions - original, unsweetened and chocolate - in France, the Netherlands and Portugal in the coming weeks, with a rollout in other European markets planned, the Swiss company said.
Nestlé is taking on Oatly in Europe with the launch of pea milk brand Wunda, in a belated play by the world’s largest food company for a share of the growing $17bn plant-based dairy market. The rare creation of a new brand by Nestlé comes as China Resources-backed oat milk maker Oatly pushes for a valuation of as much as $10bn in its forthcoming initial public offering on New York’s Nasdaq exchange. While Nestlé has been expanding in meat substitutes, it is relatively late to a plant-based dairy market propelled by consumers’ appetite for environmentally friendly products and their perceived health benefits.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nestle S.A.Global Credit Research - 30 Apr 2021Milan, April 30, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nestle S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 27 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.