Streetbeat News

NSRGF

Nestle SA

https://www.nestle.com/

CEO

Ulf Schneider

Industry

Dry, Condensed, and Evaporated Dairy Product Manufacturing

Open

85.17

Mkt cap

216B

Volume

812

High

85.17

P/E Ratio

17.36

52-wk high

117.52

Low

83.63

Div yield

0.04

52-wk low

83.63

Nestle, a strong AA-rated company with a $225B+ market cap, is considered a 'Buy' due to its attractive valuation and potential annualized returns of 12-20%. Despite challenges like input cost inflation and softening consumer demand, its diversified segments are driving growth.

Portfolio Pulse from

November 19, 2024 | 9:15 am

Nestle S.A. plans to spin out its waters and premium beverages, including Perrier and San Pellegrino, into a separate business as part of a US$2.8 billion cost-cutting restructuring plan.

Portfolio Pulse from

November 19, 2024 | 8:30 am

Established consumer brand companies like Nestlé are experiencing significant stock price declines, similar to those seen during recessions, despite a rising market. The market is questioning Nestlé's stable earning power, a key component of its valuation. To restore performance and investor confidence, Nestlé needs to improve its sales/invested capital ratio, indicating greater product relevance and reversing volume losses.

Portfolio Pulse from

November 14, 2024 | 10:15 am

Nestle's KitKat brand has signed a global sponsorship deal with Formula 1 under the leadership of new CEO Laurent Freixe, aiming to enhance the brand's global appeal and marketing strategy.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

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

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