| Previous close | 76.60 |
| Open | 76.76 |
| Bid | 77.01 x 39900 |
| Ask | 77.03 x 9500 |
| Day's range | 76.55 - 77.36 |
| 52-week range | 63.62 - 80.07 |
| Volume | 303,143 |
| Avg. volume | 921,118 |
| Market cap | 42.7B |
| Beta | N/A |
| PE ratio (TTM) | 25.08 |
| EPS (TTM) | 3.07 |
| Earnings date | 1 Aug 2017 |
| Dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a more than 1 percent stake in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. Third Point disclosed its Nestle position in a letter to investors, in which it argued the food company should sell its 23 percent stake in French cosmetics firm L'Oreal SA. "We feel strongly that in order to succeed, Dr. Schneider will need to articulate a decisive and bold action plan that addresses the staid culture and tendency towards incrementalism that has typified the company’s prior leadership and resulted in its long-term underperformance," Third Point wrote in the letter.
Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a more than 1 percent stake in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The stake, worth around 3.28 billion Swiss francs ($3.4 billion), is one of the largest taken by the hedge fund, which pressed for change in recent years at U.S. internet firm Yahoo (NasdaqGS: YHOO - news) and Japan's Sony Corp (Hanover: SON1.HA - news) . Third Point disclosed its Nestle position in a letter to investors, in which it argued the food company should sell its 23 percent stake in French cosmetics firm L'Oreal SA.
Nestle may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, in the Swiss food group's latest effort to improve the health profile of its sprawling portfolio.