Nestle price target raised to CHF 145 from CHF 135 at JPMorgan » 13:0011/3011/30/21
JPMorgan analyst Celine…
JPMorgan analyst Celine Pannuti raised the firm's price target on Nestle to CHF 145 from CHF 135 and keeps an Overweight rating on the shares.
|Over a week ago|
Nestle price target raised to CHF 135 from CHF 127 at Morgan Stanley » 14:0711/1811/18/21
Morgan Stanley analyst…
Morgan Stanley analyst Pinar Ergun raised the firm's price target on Nestle to CHF 135 from CHF 127 and keeps an Overweight rating on the shares.
|Over a month ago|
Dada Nexus, Nestle expand marketing and digitalization cooperation » 05:1310/2810/28/21
Dada Group (DADA) and…
Dada Group (DADA) and Nestle (NSRGY) announced that they would strengthen cooperation on omni-channel marketing and digitalization. Philip Kuai, founder, chairman and CEO of Dada Group, and Rashid Qureshi, chairman and CEO of Nestle Greater China Region, signed a joint business plan in Beijing. In the cooperation, Dada Group and Nestle collaborate in uni-marketing, omni-channel strategy, category operations and digitalization. Based on Dada's partnership with JD "Shop Now", a jointly built new business dedicated for JD's on-demand consumer retail section, the two companies can help Nestle accelerate its digital and omni-channel capabilities. Dada Group and Nestle's partnership began in June 2019. In September 2020, they expanded their strategic partnership to create a new data-driven retail model, under which Dada group promoted Nestle's sales growth, brand marketing and user operation. According to JDDJ, Dada's on-demand retail platform, the sales of Nestle on the platform has maintained triple-digit growth in 2019 and 2020 separately.
Nestle price target raised to CHF 130 from CHF 125 at Barclays » 15:4310/2210/22/21
Barclays analyst Warren…
Barclays analyst Warren Ackerman raised the firm's price target on Nestle to CHF 130 from CHF 125 and keeps an Overweight rating on the shares.
Nestle price target raised to CHF 135 from CHF 130 at UBS » 15:2510/2110/21/21
UBS analyst Guillaume…
UBS analyst Guillaume Delmas raised the firm's price target on Nestle to CHF 135 from CHF 130 and keeps a Buy rating on the shares.
Nestle raises FY21 organic sales growth view to 6%-7% from 5%-6% » 06:3210/2010/20/21
Nestle said: "We…
Nestle said: "We expect full-year organic sales growth between 6% and 7%. The underlying trading operating profit margin is expected around 17.5%, reflecting initial time delays between input cost inflation and pricing, as well as the one-off integration costs related to the acquisition of The Bountiful Company's core brands. Beyond 2021, our mid-term outlook for continued moderate margin improvement remains unchanged. Underlying earnings per share in constant currency and capital efficiency are expected to increase this year."
Nestle reports 9M sales CHF 63.29B vs. CHF 61.91B last year » 06:3210/2010/20/21
Organic growth reached…
Organic growth reached 7.6%, with real internal growth of 6.0% and pricing of 1.6%. Growth was supported by continued momentum in retail sales, steady recovery of out-of-home channels, increased pricing and market share gains, Nestle said in a statement. Mark Schneider, Nestle CEO, commented: "We are pleased with Nestle's strong organic growth in the nine months, driven by broad-based contributions from most geographies and categories. The relentless focus of our teams on local execution and agility enabled us to navigate input cost inflation and supply chain constraints. In the third quarter, we increased pricing in a responsible manner, while maintaining strong real internal growth. Investments in innovation, digitalization and sustainability further supported growth by enhancing the relevance and differentiation of our offerings."
Nestle launching plant-based egg, shrimp alternatives, Reuters reports » 11:3710/0610/06/21
Nestle is introducing…
Nestle is introducing plant-based alternatives for eggs and shrimp that closely mirror the taste, nutrition and performance of the originals, Reuters' Paul Sandle reports, citing comments made by CEO Mark Schneider. The egg substitute is named Garden Gourmet vEGGie in Europe, containing soy protein and omega-3 fatty acids, while the vegan shrimp is called Vrimp and the move comes as Schneider said the company's vegan products like plant-based burgers and sausages were seeing double-digit growth. Reference Link
Financial firms join TNFD to build nature-related risk management framework » 09:1809/3009/30/21
BAC, AXAHY, BLK, BNPQY, HSBC, SSREY, UBS, BUD, NGLOY, GSK, NSRGY
Senior executives from…
Senior executives from across financial institutions, corporates and market service providers representing major global markets have been selected to serve for two years as Members of the Taskforce on Nature-related Financial Disclosures. Led by TNFD Co-Chairs Elizabeth Mrema, United Nations Assistant Secretary General and Executive Secretary of the UN Convention on Biological Diversity and David Craig, Former CEO of Refinitiv and Strategic Advisor to London Stock Exchange Group, the Taskforce Members are convening for the first time on the 6th of October to kick off their work developing and delivering a risk management and financial disclosure framework to support a shift in global financial flows away from nature-negative outcomes and towards nature-positive outcomes. The finalised framework is earmarked for release in late 2023. However, a draft beta version will be circulated in early 2022 to be tested and refined via an open-innovation approach with market participants throughout next year. The 30 Taskforce Members have been selected for their sector and geographical coverage and their individual subject-matter expertise across nature and finance that can support TNFD's mission. The Members represent sectors with the largest impact and dependencies on nature, such as agribusiness, the blue economy, food & beverage, mining, construction, infrastructure and others, and are globally representative coming from 14 countries across 5 continents. The Taskforce membership will ultimately consist of up to 35 individuals. Selection of the remaining senior executives is currently underway, bringing in further specialists from sectors and geographies to broaden the Taskforce's geographic and sector coverage and its diversity of expertise. Taskforce members in the TNFD include executives from Bank of America (BAC), Axa (AXAHY), BlackRock (BLK), BNP Paribas (BNPQY), HSBC (HSBC), Swiss Re (SSREY), UBS (UBS), AB InBev (BUD), Anglo American (NGLOY), GSK (GSK), and Nestle (NSRGY). Reference Link
Nestle expects higher input cost inflation in 2022, Reuters reports » 14:0409/0909/09/21
Nestle CFO Francois-Xavier Roger said that the company sees even higher input cost inflation next year than this year, Reuters' Silke Koltrowitz reports. "If we talk of 2022, it is likely that input cost inflation will be higher next year than this year," the executive said at a Barclays consumer staples conference. "Our strategy is to offset anything we receive through pricing. The idea is to pass it on to the trade and to consumers whenever we receive it," he added, noting there would be a delay. Reference Link