|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||108.42 - 109.70|
|52-week range||83.37 - 112.62|
|Beta (5Y monthly)||0.25|
|PE ratio (TTM)||23.16|
|Forward dividend & yield||2.70 (2.47%)|
|Ex-dividend date||27 Apr 2020|
|1y target est||N/A|
The Hut Group IPO valued the company at £5.4bn.
(Bloomberg) -- Nestle SA is producing at full tilt in Brazil as it responds to a lift in coffee demand from house-bound drinkers and builds inventories to guard against supply disruptions.Production of all items in the South American nation, from ice-cream to pet food, is probably up about 15% from 2019 levels in what should be a “good” year for the Swiss company despite the pandemic, Marcelo Melchior, who heads Brazilian operations, said in an interview.Initially, lockdowns upended sales to restaurants, hotels and malls, while boosting demand for items more typically consumed at home. Nestle then began to hire people and relocate employees to run at full capacity in all operations. Brazil’s top seller of instant and pod coffee through its Nespresso and Dolce Gusto brands is seeing a jump in purchases of high-end products for consumption at home.“People have brought home the pleasure they used to get in having coffee in a nice cafeteria or restaurant,” Melchior said. That behaviour has also extended to cooking ingredients as people try to make lockdowns more pleasurable.READ: Nestle Outshines Rivals With Revenue Growth Led by CoffeeIn the out-of-home segment, a recovery in sales has been slow amid lingering caution by consumers, although a doubling of online sales has helped cushion the blow. Still, Melchior doesn’t see a permanent change in behaviour.“Out-of-home consumption has survived many issues, including wars, and it has always resumed,” he said. “How the return will be this time? We don’t know. Human beings, though, are social.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Nestle will do more acquisitions, also big ones, the food giant's chief financial officer said on Wednesday. "We have been very disciplined, but that has not prevented us from doing sizeable acquisitions - Starbucks, Atrium, now Aimmune - and there will be probably more in the future as well because we really want to go there," Francois-Xavier Roger said in a webcast. Roger said Nestle did not want to deleverage the company or reduce its scale so acquisitions were clearly on the agenda if they were a strategic and cultural fit and offered a proper financial return.