Nestle price target raised to CHF 123 from CHF 116 at JPMorgan » 14:3208/0408/04/20
JPMorgan analyst Celine…
JPMorgan analyst Celine Pannuti raised the firm's price target on Nestle to CHF 123 from CHF 116 and keeps an Overweight rating on the shares.
Nestle price target raised to CHF 120 from CHF 112 at Barclays » 14:5307/3107/31/20
Barclays analyst Warren…
Barclays analyst Warren Ackerman raised the firm's price target on Nestle to CHF 120 from CHF 112 and keeps an Overweight rating on the shares. The analyst said that the company is "more robust" and "more competitive" under CEO Schneider's leadership. Ackerman added that the company's share gains in e-commerce at 64% are ahead of its offline
|Over a week ago|
Nestle sees FY organic sales growth of 2%-3% » 06:2807/3007/30/20
Nestle said: " We…
Nestle said: " We expect full-year organic sales growth between 2% and 3%. The underlying trading operating profit margin is expected to improve. Underlying earnings per share in constant currency and capital efficiency are expected to increase. This guidance is based on our current knowledge of COVID-19 developments and assumes no material deterioration versus present conditions."
Nestle reports 1H sales CHF 41.152B vs. CHF 45.456B last year » 06:2707/3007/30/20
Organic growth reached…
Organic growth reached 2.8%, with real internal growth of 2.6% and pricing of 0.2%. The underlying trading operating profit margin reached 17.4%, up 30 basis points. Earnings per share increased by 22.2% to CHF 2.06 on a reported basis. Underlying earnings per share increased by 0.5% in constant currency and decreased by 5.9% on a reported basis to CHF 2.01. Mark Schneider, Nestle CEO, commented: "COVID-19 continues to impact people around the world. We stand with all those affected and are committed to helping where we can. I would like to thank every member of the Nestle team for their dedication and hard work in the face of incredible challenges. Our priorities remain the same; keeping our people safe, assuring continued supply of essential food and beverages to consumers and caring for our communities and business partners through financial and in-kind support."
Nestle upgraded to Buy from Neutral at Bryan Garnier » 05:1907/0707/07/20
Bryan Garnier analyst…
Bryan Garnier analyst Virginie Roumage upgraded Nestle to Buy from Neutral with a price target of CHF 118, up from CHF 103. The company should outperform peers in the coming quarters given its low exposure to emerging markets, defensive categories and mainly affordable price positioning, Roumage tells investors in a research note.
|Over a month ago|
Nestle Canada to sell Nestle Pure Life bottled water business » 12:3807/0207/02/20
Nestle Canada is…
Nestle Canada is announcing an agreement to sell its Nestle Pure Life bottled water business to Ice River Springs. The sale is contingent on completion of the regulatory review process and the deal is expected to close in Q3 2020. This is a purely Canadian sale and the Canadian Nestle Pure Life business is now independent of the North American strategic review that was announced a few weeks ago. The sale includes two factories located in Puslinch, Ontario and Hope, British Columbia, along with a well in Erin, Ontario. Ice River Springs is a Canadian family-owned, private label bottled water producer for retailers and manufacturer of the Ice River Green brand of bottled water. Until completion of the regulatory review process, the Nestle Pure Life bottled water business will continue to be run by Nestle Canada.
Medipharm Labs appoints Shelley Martin to board of directors » 08:1406/2306/23/20
MediPharm Labs (MEDIF)…
MediPharm Labs (MEDIF) announced the appointment of Shelley Martin - former President and CEO of Nestle Canada (NSRGY) - to its Board of Directors effective immediately. This key appointment follows an extensive planning and search process. In connection with her appointment, the Company granted 300,000 options to Shelley Martin at an exercise price set as at the close of business on June 22, 2020. Each grant has a five-year term expiring June 22, 2025. With Ms. Martin's appointment, MediPharm Labs' Board of Directors will consist of 7 members, 4 of whom are independent
Nestle home-office water business would be a fit for Primo Water, says Jefferies » 07:3106/1706/17/20
PRMW, NSRGY, KO, PEP, KDP
Noting that Nestle…
Noting that Nestle (NSRGY) recently announced it is exploring the sale of a portion of its North American Water business, including brands such as Pure Life in addition to its home-office delivery business, Jefferies analyst Kevin Grundy said he thinks the home-office unit makes strategic sense for Primo Water (PRMW), assuming Nestle is willing to separate it from the rest of the assets it is seeking to sell. A deal for Nestle's home-office delivery business could generate high-teens accretion to free-cash flow per share for Primo, contends Grundy, who raised the firm's price target on Primo shares to $16 from $14 and keeps a Buy rating on the stock. Nestle's North American Water portfolio appears less appealing for Coca-Cola (KO), PepsiCo (PEP) and Keurig Dr Pepper (KDP), added the analyst.
Nestle exploring strategic options for parts of North American water business » 13:4506/1106/11/20
Nestle S.A.'s Board…
Nestle S.A.'s Board of Directors approved a new strategic direction for its Waters business. "The company will sharpen its focus on its iconic international brands, its leading premium mineral water brands, and invest in differentiated healthy hydration, such as functional water products. The Board also confirmed its intent to explore strategic acquisitions to grow in this category, while pledging to make its entire global water portfolio carbon neutral and replenish associated watersheds by 2025. At the same time, the Board concluded that its regional spring water brands, purified water business and beverage delivery service at its Nestle Waters North America unit lie outside this focus. As a result, the company has decided to explore strategic options, including a potential sale, for the majority of the Nestle Waters business in the U.S. and Canada, excluding its International brands. This review is expected to be completed by early-2021...Nestle remains fully committed to growing its iconic International brands in the U.S. and globally, including Perrier, S.Pellegrino and Acqua Panna. Celebrated the world over for exceptional sophistication and taste, these brands have been timeless performers in the Waters portfolio. Additionally, the company will further build its leading premium mineral water brands around the world and invest in differentiated products under the Nestle Pure Life brand, such as functional water with health-enhancing ingredients. Nestle's global Waters sales amounted to CHF 7.8 billion in 2019. The portfolio encompasses 48 water brands and one tea brand on five continents," the company said. Reference Link
Nestle Health Science acquires majority stake in Vital Proteins » 12:5506/1006/10/20
Nestle Health Science…
Nestle Health Science said it has agreed to acquire a majority stake in Vital Proteins, a lifestyle and wellness platform offering supplements, beverages, and food products in America. The acquisition is subject to regulatory approval. Vital Proteins will continue to operate as a standalone business, the company said in a statement. CEO Greg Behar will continue to lead Vital Proteins, it added. Reference Link