Streetbeat News

NSRGF

Nestle SA

https://www.nestle.com/

CEO

Ulf Schneider

Industry

Dry, Condensed, and Evaporated Dairy Product Manufacturing

Open

90.20

Mkt cap

231B

Volume

500

High

90.20

P/E Ratio

18.18

52-wk high

117.52

Low

90.01

Div yield

0.04

52-wk low

90.01

Nestlé SA has launched Vital Pursuit, a new food line aimed at users of GLP-1 weight loss medications, but will avoid mentioning the drugs on packaging to sidestep regulatory issues. Other companies like Herbalife, Coca-Cola, and Conagra are also targeting this market with varying strategies.

Portfolio Pulse from Vandana Singh

June 21, 2024 | 10:18 am

Nestlé has launched Vital Pursuit, a new line of foods designed to complement GLP-1 weight loss medications like Wegvoy and Zepbound. This move aims to address concerns that food companies might see reduced sales due to the popularity of these weight loss drugs. The new product line includes nutrient-rich, portion-controlled foods and will debut in Q4 at select retailers.

Portfolio Pulse from Vandana Singh

May 21, 2024 | 6:26 pm

Norway's sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly shifted its investment strategy towards technology stocks, known as the Magnificent Seven, over the past decade. Initially, in 2014, NBIM's top holdings included companies like Nestle SA, Novartis AG, Apple Inc, Royal Dutch Shell, and BlackRock Inc, reflecting a conservative investment approach. By 2024, the fund's top holdings have transitioned to major tech companies such as Apple, Microsoft Corporation, Alphabet Inc, Amazon.com Inc, and Nvidia Corporation, with these investments representing nearly 13% of its total $822 billion equity allocation. This shift indicates a move towards higher risk for potentially greater returns, amidst a backdrop of high-interest rates, geopolitical tensions, and tech sector optimism.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 4:04 pm

Cocoa prices have seen a significant fluctuation, hitting a record high before slumping 13% in three days, yet the market remains in short supply. This situation has impacted companies like Hershey Co, which expects flat earnings for 2024 due to higher raw materials costs. Similarly, Mondelez International Inc. and Nestle SA have seen their shares fall this month. The Consumer Staples Select Sector SPDR ETF has gained 12.6% since mid-October, indicating some resilience in the consumer staples sector despite the cocoa crisis.

Portfolio Pulse from Neil Dennis

February 29, 2024 | 2:20 pm

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

French supermarket Carrefour has issued price alerts on several products from suppliers such as Nestle, PepsiCo, and Unilever, in a bid to combat inflation. The move comes ahead of contract negotiations and aims to pressure these companies into reducing their prices. Carrefour has labelled 26 products in its French stores, indicating that their volume or weight has decreased while their prices have increased. The French Finance Minister supports this initiative and has urged major retailers and consumer groups to lower prices.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 11:34 am

Several companies have made headlines today. Nvidia is expected to generate up to $300 billion in AI revenues by 2027, according to Mizuho analyst Vijay Rakesh. Over 1,500 UK-based developers have filed a class action lawsuit against Apple over 'anti-competitive' App Store fees. Microsoft has invested $2 billion in a Saudi cloud facility, raising data privacy concerns. TikTok has launched a text-based post feature to compete with Twitter. Adidas expects a smaller operating loss in 2023 after parting ways with Kanye West's Yeezy Collection. H&M has sued Shein for copyright infringement. TSMC plans to invest $2.9 billion in an advanced chip packaging plant in Taiwan. FedEx pilots have rejected a contract deal, prompting renewed negotiations. Nestle and Danone are under France's inflation scanner due to price rises. American Airlines faces a voting delay for a pilot contract offer. Unilever, General Electric, General Motors, Xerox, Spotify, Biogen, Verizon, Danaher, and Dover have all reported their Q2 earnings.

Portfolio Pulse from Vandana Singh

July 25, 2023 | 2:26 pm

Product prices of Nestle S.A. and Danone have risen by more than 10% this year in France, putting them under the country's inflation scanner. The price hike has pressured the companies to renegotiate with French retailers. French shoppers have spent more than 20% more for Nestle products each month since January versus last year, with price increases peaking at 36.6% in May. Danone's products were sold for between 11.2% and 16.7% more than last year in the first six months of the year.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 1:34 pm

The Federal Trade Commission (FTC) is investigating potential collusion among baby-formula manufacturers, including Abbott Laboratories, Nestlé, and Reckitt Benckiser Group, in bidding for state contracts. The FTC is also examining the broader impact of this coordination on sales outside the Women, Infants, and Children (WIC) formula-supply program.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 12:41 pm

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