Nestle S.A. is a holding company which is based in Switzerland. Nestle has the ambition to be the leading Nutrition, Health and Wellness company by offering tastier and healthier products to consumers. Nestle has a unrivalled portfolio of brands and products that are present in the day-to-day... More
Wednesday, Dec 42:29 PMNew farm bill needed to prevent 'dairy cliff'
Wednesday, Dec 42:29 PM| 2 Comments
- If Congress doesn't get around to passing a new farm bill before the end of the year the USDA will be forced to support higher prices for dairy farmers which would create a disruption up and down the food industry.
- Milk producers could benefit from the changes mandated by the 1949 farm bill - while food sellers could see profits pinched with consumers unlikely to absorb the full amount of price hikes.
- Most analysts think Congress will get its act together in time, but the risk of a stalemate exists.
- Related stocks: SJM, DF, NSRGY, WWAV, LWAY, DNKN, MCD, SBUX, KO, GIS.
Monday, Nov 253:15 AMSwiss reject measure to cap CEO salaries
Monday, Nov 253:15 AM| Comment!
- Voters in Switzerland - home to at least five of Europe's 20 best-paid CEOs - have rejected a proposal by a margin of around 2-1 to cap the salary of company bosses at 12 times that of their lowest-paid staff.
- Firms that would have been affected by a yes vote include UBS (UBS), Credit Suisse (CS), Roche (RHHBY), Novartis (NVS), ABB (ABB), Glencore Xstrata (GLCNF) and Nestle (NSRGY).
- The referendum came after the Swiss electorate approved a proposal in March to give shareholders a binding vote on the pay of senior managers.
- ETFs: EWL, FSZ
Friday, Nov 1510:53 AMCoffee prices get a jolt
Friday, Nov 1510:53 AM| 4 Comments
- Futures prices on Robusta coffee showed their biggest gain in 15 months as supply issues cropped up.
- Among other factors, the remnants of Typhoon Haiyan hit key regions of Vietnam with torrential rainfall.
- Robusta coffee prices are still down 22% YTD despite the recent rally.
- In general, mass-market coffee use the Robusta bean variety, while premium sellers use Arabica.
- Related stocks: SBUX via Seattle's Best, GMCR, SJM, KRFT, CBOU, JVA, KKD, NSRGY.
- Related ETFs: JO
Thursday, Nov 710:00 AMFood sector watch: FDA on the prowl to limit trans fats
Thursday, Nov 710:00 AM| 2 Comments
- The FDA says it will propose measures to dramatically limit artificial trans fats from products sold in the U.S.
- Many varieties of packaged foods and frozen foods contain trans fats as well as items commonly sold at restaurants.
- Cutting the fat: Nestle (NSRGY), PepsiCo (PEP), Tyson Foods (TSN), Mondelez International (MDLZ), Unilever (UL), General Mills (GIS), Kraft Foods (KRFT), Kellogg (K), Dean Foods (DF), Campbell Soup (CPB), Hormel (HRL), Hershey (HSY), Pilgrims Pride (PPC),
Friday, Oct 252:25 PMPet food safety a no priority, who pays?
Friday, Oct 252:25 PM| 1 Comment
- The FDA proposes new rules to make pet food safer after a number of incidents put a spotlight in the industry.
- The proposed procedures will focus on manufacturers, but could create a ripple that will also cut into pet food sellers if higher costs can't be passed on to consumers.
- Related stocks: DAR, PETM, NSRGY, FDP.
Thursday, Oct 2411:58 AM
Sunday, Oct 204:14 AMCompanies face junk-food taxes in Mexico
Sunday, Oct 204:14 AM| 10 Comments
- Major international food and beverage companies are concerned about Mexico's plans to impose taxes on junk food and sugary drinks.
- Last week, Mexico's lower house of Congress authorized a 5% levy on high-calorie packaged food such as peanut butter. The chamber has also passed legislation to tax sugary drinks at 1 peso (8 U.S. cents) per liter.
- The taxes could pose a big challenge to the food companies, especially if Mexico is successful in its aim of changing diets in the country - where 7/10 adults and 1/3 children are overweight or obese - and is copied by other nations.
- Companies that are set to be affected include Coca-Cola (KO), Kellogg (K), PepsiCo (PEP), Mondelez (MDLZ) and Nestle (NSRGY.PK).
- ETFs: XLP, VDC, FXG, IYK, PSL, RHS, PSCC, UGE, SZK
Thursday, Oct 172:38 AMNestle's 9-month sales miss expectations
Thursday, Oct 172:38 AM| Comment!
- Nestle's (NSRGY.PK) nine-month revenues rose 4% to 68.4B francs ($74.68B), missing consensus of 69.3B francs.
- Underlying (organic) sales growth slowed to 4.4% from 6.1% last year and undershot forecasts of 4.5%.
- Sales breakdown: Asia, Oceania and Africa +6.9%; Europe +0.9%; Americas +5.1%.
- "Europe continues to grow, and Asia and Africa have picked up speed," Nestle CEO Paul Bulcke says.
- Expects FY organic sales of +5%, as well as improved margins and underlying EPS in constant currencies. (PR)
Friday, Oct 119:54 AMNestle loses patent battle|Friday, Oct 119:54 AM| Comment!
Tuesday, Oct 87:08 PMNestle reportedly looking to sell Jenny Craig
Tuesday, Oct 87:08 PM| Comment!
- Three sources tell Reuters Nestle (NSRGY.PK) is looking to sell its Jenny Craig weight-loss program/diet food business as part of its asset sale efforts. Goldman is said to be assisting with the process.
- Two weeks ago, Reuters reported Nestle's PowerBar energy bar unit is on the block. Analysts think several other Nestle units might also be worth selling.
Tuesday, Oct 87:24 AMRally in cocoa prices continues
Tuesday, Oct 87:24 AM| Comment!
- Cocoa prices set a 23-month high on production worries as an extended rally in the market shows little signs of ending.
- Macquarie estimates cocoa production will fall 173K metric tons below the level of consumption for the new season which just began this month. Heavy rains in Ghana and Ivory Coast are partially to blame.
- Related stocks: MDLZ, HSY, NSRGY.PK, ADM, BYCBF.PK
- Related ETFs: NIB
Monday, Oct 77:09 AMMondelez International to move into new markets|Monday, Oct 77:09 AM| 1 Comment
Friday, Oct 48:18 AMNestle wins trademark case|Friday, Oct 48:18 AM| Comment!
Wednesday, Oct 23:11 AMArcher Daniels Midland nears sale of cocoa operations
Wednesday, Oct 23:11 AM| 1 Comment
- Archer Daniels Midland (ADM) is reportedly close to selling its cocoa business to Cargill in a deal that could be worth up to $2B.
- The divestiture would further strengthen ADM's shift towards the grains industry as it completes its $3B acquisition of GrainCorp. The transaction would also reduce ADM's exposure to the lower profitability that's affecting the cocoa sector.
- The deal would create a global price-setting giant to rival Zurich-based Barry Callebaut (BYCBF.PK), the world's biggest producer of industrial chocolate products. Cargill and Barry Callebaut would account for over 50% of world capacity.
- Food producers that could be affected include MDLZ, HSY, RMCF, KRFT, NSRGY.PK.
- ETF: NIB
Tuesday, Oct 19:54 AMNestle CEO plans to jettison laggards, reduce capex
Tuesday, Oct 19:54 AM| 1 Comment
- Nestle (NSRGY.PK) CEO Paul Bulcke told investors the company had completed a review of 97% of its 1,800 divisions and has a shortlist of businesses it will try to sell - "laggards it cannot fix," according to Bloomberg.
- Analysts have cited Jenny Craig, PowerBar, and Lean Cuisine as candidates for jettison.
- The move comes as Nestle delivered its weakest quarterly revenue growth in 4 years. Nestle fell yesterday after Unilever warned of a slowdown in emerging markets, which have been Nestle's main growth driver in the past.
- Bulcke also said he plans to limit capex spending to 4-5% versus the previously forecast 5.7%: "Over the last three or four years we have increased our capex quite extensively ... We now want to sweat those assets."
Tuesday, Oct 17:16 AM
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