NESN.SW - Nestle S.A.

Swiss - Swiss Delayed price. Currency in CHF
98.85
-2.91 (-2.86%)
At close: 5:30PM CET
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Previous close101.76
Open99.82
Bid0.00 x 0
Ask0.00 x 0
Day's range97.65 - 100.60
52-week range90.26 - 113.20
Volume19,429,306
Avg. volume5,141,170
Market cap284.693B
Beta (5Y monthly)0.31
PE ratio (TTM)22.99
EPS (TTM)4.30
Earnings date13 Feb 2020
Forward dividend & yield2.70 (2.65%)
Ex-dividend date27 Apr 2020
1y target est87.75
  • Travel Curbed at Nestle, L’Oreal, Cargill as Virus Spreads
    Bloomberg

    Travel Curbed at Nestle, L’Oreal, Cargill as Virus Spreads

    (Bloomberg) -- Employers ranging from the world’s largest trader of farm crops to the biggest food and beverage company have suspended business travel, a decision that may help curb the spread of coronavirus but hasten a hit to the global economy.The names and products of companies cutting or limiting travel are familiar worldwide. Nestle SA, the Swiss maker of KitKat snack bars and Nespresso capsules, told employees to avoid traveling until at least mid-March. A similar recommendation at L’Oreal SA, the cosmetics owner of global brands like Lancome and Maybelline, extends through March 31.Nestle, the employer of 291,000 people worldwide, was one of the first multinational companies to take the decisive step as the virus seeded in new countries including Brazil, stoking concerns about a pandemic. Now the number is growing rapidly: Among the latest is crop trader Cargill Inc., which has banned travel for at least two weeks.The virus has infected more than 82,000 people and killed at least 2,800 since emerging in central China at the end of last year. It has spread to over 40 countries in less than two months.In the absence of global health guidelines, companies have to devise their own plans for keeping employees safe. British American Tobacco Plc, the maker of Lucky Strike cigarettes, said it reduced travel to the bare minimum while America’s top farm co-op, CHS, suspended travel outside of employees’ home country.Coca-Cola Co. and Kraft Heinz Co. have opted to avoid affected countries, while Petrobras, Brazil’s state-controlled energy giant, said it has suspended employee travel to China and Japan.The travel curbs are bound to hit industries from airlines to hotels that are already reeling from China’s drastic response. Air France-KLM last week warned that the outbreak will wipe as much as 200 million euros ($219 million) from earnings.Nestle said it “shares global concerns over the spread and impact on public health of coronavirus.” The virus spreads mainly through droplets contained in coughs and sneezes.Companies in other sectors have also canceled events or encouraged working from home to minimize employees’ exposure. German power company RWE AG said it’s canceling all large internal and external events that aren’t absolutely necessary.Not so in the fashion industry. In Paris, most luxury goods makers declined to cancel or reschedule their spring fashion shows, which attract models, buyers, and press from around the world. Many participants at runway shows including Kering’s Saint Laurent or LVMH’s Christian Dior came directly from Milan Fashion Week, and, when questioned, appeared to be unaware of the recommendation from France’s health ministry that they wear a mask in public.(Adds Cargill in the lead and third paragraph, CHS in the fifth.)\--With assistance from Gerald Porter Jr., Deena Shanker and Naomi Kresge.To contact the reporters on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net;Robert Williams in Paris at rwilliams323@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Pratish NarayananFor 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.

  • Bloomberg

    Nestle Ditches Reduced-Sugar Chocolate Bars on Weak Demand

    (Bloomberg) -- Nestle SA has stopped selling Milkybar Wowsomes chocolates that used a new sugar-reduction technology amid weak demand.Sales of the chocolate bars, which were sold in the U.K., were “underwhelming” as they didn’t taste as creamy as full-sugar chocolate, Chief Technology Officer Stefan Palzer said at a media event in Vevey, Switzerland, ahead of the company’s full-year results Thursday.Milkybar Wowsomes were the first product to apply a technology Nestle unveiled in 2016 that creates a more porous sugar structure, leading to a smaller amount producing the same sweetness. The company had likened the process to hollowing out sugar crystals.Some analysts had expected the discovery to give Nestle a competitive edge as food companies around the world try to keep up with consumers’ demand for healthier fare. The products were pulled in mid-2019, according to a spokeswoman.Nestle is now working on the next generation of sugar-reduction techniques that will be introduced this year and can be implemented in a wider range of categories, including drinks. The hollow sugar was mainly for use in chocolate.“We took these learnings and we have now something much better performing,” Palzer said, adding the new methods will also cut sugar by as much as 30% with a natural approach. He declined to provide more details.“We fail forward,” said Patrice Bula, head of Nestle’s strategic business units. “You take it and launch a better product. And if we fail again, we try again.”To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Lisa Wolfson, Jonathan RoederFor 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 bets on shark tank, startups and students to boost innovation
    Reuters

    Nestle bets on shark tank, startups and students to boost innovation

    Food giant Nestle has set up new structures to turn innovative ideas from outside and inside the company into new products, its technology head told journalists on Wednesday ahead of the publication of the group's full-year results. Employees, often from Nestle's research teams, can apply for funding to develop products via the company's internal ideas factory or "shark tank", while startups or students can work with Nestle scientists and resources, including lab space, at so-called "accelerators". Nestle and its packaged food peers have come under pressure to speed up innovation from a flurry of small local rivals that win over health and eco-conscious consumers with trendy foods and drinks, from cold-brew coffee to plant-based burgers.

  • Nestle invests $200 million more in Aimmune after peanut allergy drug approval
    Reuters

    Nestle invests $200 million more in Aimmune after peanut allergy drug approval

    The funding brings Nestle's total investment to $473 million, increasing the Swiss company's stake to 19.9% of Aimmune's outstanding stock and voting power. Nestle's investment is an incremental positive for Aimmune's shares, which have seen some weakness due to investor worries over financing, Piper Sandler analyst Christopher Raymond wrote in a note. "With this additional investment, we think the prospect of an outright take out by Nestle (or anyone else for that matter) has to be factored in more than before," Raymond said.

  • AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
    Reuters

    AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys

    U.S. drugmaker AbbVie's $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators. AbbVie is swallowing Allergan to give it control of the lucrative wrinkle treatment Botox and to diversify a portfolio heavily dependent on its $19-billion-per-year arthritis drug Humira, the world's best-selling medicine that is advancing toward U.S. patent expiration. Swiss food group Nestle bulked up its medical nutrition business with Allergan's Zenpep, a product with 2018 sales of $237 million which treats people whose pancreases do not provide enough enzymes to digest fats, proteins and sugars.

  • Nestle teams up with Canadian plant-based ingredient makers
    Reuters

    Nestle teams up with Canadian plant-based ingredient makers

    WINNIPEG, Manitoba/ZURICH (Reuters) - Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Canada is among the world's largest growers of peas and the biggest producer of canola, crops high in protein that technology companies like Burcon can separate and isolate for use in foods and beverages. The agreement with Nestle is long-term, with no expiry, Burcon Chief Executive Johann Tergesen said in an interview.

  • Nestle to invest billions to boost use of recycled plastics
    Reuters

    Nestle to invest billions to boost use of recycled plastics

    Food giant Nestle will invest up to 2 billion Swiss francs ($2.07 billion) to source more recycled plastics for packaging its products and reduce its use of new plastics by a third by 2025, it said on Thursday. "We are high up on the list because we are one of the largest companies out there in packaged goods and now we're also taking pretty big steps in using our size to actually solve the problem," Chief Executive Mark Schneider told journalists. "At the moment, outside PET bottles, there's not a lot of recycled plastic available that is suitable for packaging food," Nestle Chief Technology Officer Stefan Palzer told Reuters on the sidelines of the event.

  • Nestle wraps up 20 billion Swiss franc share buyback, launches new programme
    Reuters

    Nestle wraps up 20 billion Swiss franc share buyback, launches new programme

    Swiss food giant Nestle said on Monday it had completed a 20 billion Swiss franc ($20.7 billion) share buyback programme and reiterated plans for a new one up to the same amount starting next year. Since July 4, 2017, Nestle said it had repurchased 225,186,059 of its shares at an average price per share of 88.82 Swiss francs. "Nestle will start a new share buyback program of up to CHF 20 billion as announced on Oct. 17, 2019," the company said in a statement.

  • Nestle wraps up 20 billion Swiss franc share buyback, launches new program
    Reuters

    Nestle wraps up 20 billion Swiss franc share buyback, launches new program

    Swiss food giant Nestle said on Monday it had completed a 20 billion Swiss franc ($20.7 billion) share buyback program and reiterated plans for a new one up to the same amount starting next year. Since July 4, 2017, Nestle said it had repurchased 225,186,059 of its shares at an average price per share of 88.82 Swiss francs. "Nestle will start a new share buyback program of up to CHF 20 billion as announced on Oct. 17, 2019," the company said in a statement.

  • Reuters

    Nestle to sell 60% of Herta meats to Casa Tarradellas to create JV

    Nestle in February put Herta charcuterie, the cold cuts and meat-based products unit, under strategic review as it no longer fit the company's strategic focus on healthy nutrition and plant-based offerings. The Swiss company would hold a 40% stake in the joint venture that would include Herta charcuterie, available in six European countries, and Herta dough business in France and Belgium. Herta charcuterie and dough units together reported sales of 667 million euros last year and have been valued at 690 million euros, Nestle said.

  • Investing.com

    Top 5 Things to Watch in Markets on Dec. 17

    Investing.com -- Boris Johnson abruptly ends his honeymoon with the markets by reviving the threat of a no-deal Brexit at the end of the year, FedEx reports earnings a day after being spurned by Amazon and housing starts data for November will show the reality behind record-breaking levels of confidence among homebuilders. Plus Boeing's decision to halt production of the 737 MAX hits aerospace suppliers around the world. Here's what you need to know in financial markets on Tuesday, 17th December.

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