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Nestle S.A. ADR (NSRGY)

- OTCPK - Current
  • Fri, Apr. 17, 3:52 AM
    • Growth in emerging markets helped Nestle (OTCPK:NSRGY) beat expectations for organic sales last quarter, but strength in the Swiss franc kept a lid on overall revenues.
    • The Swiss company reported 4.4% organic growth, ahead of estimates of 4.2%, but revenue of 20.92B Swiss francs ($21.86B) was slightly below expectations of 21.2B francs.
    • With sales higher in all geographies, Nestle confirmed its full-year outlook for 5% organic growth this year.
    | 1 Comment
  • Tue, Apr. 14, 7:10 AM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) is in advanced discussions with Brakes Group over the sale of frozen food unit Davigel.
    • Sources indicate a deal could fetch €200M and €300M ($211M-$317M) for the company.
    • A sale of Davigel has been expected.
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  • Wed, Apr. 8, 7:59 AM
    • Nestle (OTCPK:NSRGY,OTCPK:NSRGF) is rolling out new sparkling water products in the U.S. as it looks to grab market share in the lucrative category.
    • The Swiss company has plans for seven new production lines to boost capacity significantly and will invest $200M on the initiative.
    • The water business account for about 8% of Nestle's total sales.
    • Competitors in sparkling water include Coca-Cola, PepsiCo, Singha, San Pellegrino, SodaStream, and Perrier.
    | 3 Comments
  • Thu, Feb. 19, 3:32 AM
    • Following its slowest annual sales growth rate since 2009, Nestle (OTCPK:NSRGY) warned that this year would remain tough as it struggles with deflation in Europe and slowing demand in Asia.
    • While sales dipped 0.6% Y/Y, the food giant posted a 45% jump in net profit to 14.5B francs, helped by price increases, cost-savings and proceeds from the sale of its L'Oreal stake.
    • "We expect 2015 to be similar to 2014," said CEO Paul Bulcke, describing the results as "strong" in a "soft trading environment." Nestle is aiming for organic growth of "around 5%" this year.
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  • Tue, Feb. 17, 7:26 AM
    • Nestle USA (OTCPK:NSRGY) announces it will remove all artificial flavors and colors from chocolate products by the end of 2015.
    • The changes will cover more than 75 recipes, including well-known brands Butterfinger and Raisinets.
    • The company will be ahead of some candy peers on using natural additives after it makes the transition.
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  • Thu, Jan. 29, 11:03 AM
    • The powerful rally in the Swiss Franc has given more M&A firepower to multinationals based in the nation, notes Bloomberg.
    • The food industry could see one of the first deals if an emboldened Nestle (OTCPK:NSRGY) decides to make a run at General Mills (GIS -1.9%).
    • A combination of Nestle and General Mills has been floated around by analysts before due to the powerful synergies that could be struck between the food giants.
    | 7 Comments
  • Sat, Jan. 17, 12:45 PM
    • Milk prices are in a downward trend with an excess of supply on the international market.
    • The supply is so far beyond expectations that some U.S. cooperatives have directed farms to pour out part of their inventory.
    • A reduced level of milk imports from China and Russia has been a factor in the market.
    • Food companies are seeing a quicker benefit from the milk price decline than consumers, although analysts anticipate lower prices at grocery and C-stores stores in 2015.
    • Milk price data (consumers) vs. milk futures chart
    • Related stocks: DF, WWAV, SJM, DF, OTCPK:NSRGY, LWAY, DNKN, MCD, SBUX, GIS, HSY, MJN,  QSR, KO, GIS,
    • Related ETFs: MOO.
    | 115 Comments
  • Dec. 18, 2014, 1:31 PM
    • Nestle (OTCPK:NSRGY) says its Nescafe Dolce Gusto unit will open a new factory in Montes Clares, Brazil next year.
    • The facility will be the first Dolce Gusto capsule producer outside of Europe.
    • Nestle expects the coffee capsule market wukk continue to see strong demand.
    | Comment!
  • Dec. 18, 2014, 7:02 AM
    • Olam's $1.3B deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.
    • Olam buys around 500K tonnes of cocoa annually, and it said it will increase its processing capacity to more than 700K tonnes, or 16% of world supply, with this deal.
    • This could force users supplied by Olam to look elsewhere for many of their beans, putting a strain on prices.
    • Related stocks: MDLZ, HSY, OTCPK:NSRGY, OTC:BYCBF
    • ETFs: NIB, CHOC
    • Previously: ADM to sell global cocoa business to Olam International for $1.3B (Dec. 15 2014)
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  • Dec. 15, 2014, 3:53 PM
    • The EU is set to probe the plan of D.E. Master Blenders to combine with the coffee unit of Mondelez International (NASDAQ:MDLZ), according to Bloomberg.
    • The deal is slated to bring the Jacobs, Senseo, Tassimo, Carte Noir, and Douwe Egberts brand into the same company and put it in a strong market position in some key European nations.
    • The regulator is likely to seek remedies, instead of outright blocking the merger.
    • Even if the deal was struck in its current form, Nestle (OTCPK:NSRGY) would remain the world's largest coffee seller.
    | Comment!
  • Dec. 5, 2014, 4:15 PM
    • A damaging frost in Turkey has pushed up the price of hazelnuts dramatically with stockpiles low.
    • The hazelnut crisis comes on top of elevated cocoa costs for chocolate bar makers over the last two years.
    • Though chocolate prices have been lifted by producers, analysts don't see all the cost inflation being passed on to consumers.
    • Chocolate bar makers: Fererro, Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Nestle (OTCPK:NSRGY), Rocky Mountain Chocolate Factory (NASDAQ:RMCF).
    | 1 Comment
  • Nov. 14, 2014, 9:26 AM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) indicates it will explore strategic options for its Davigel frozen food business.
    • Analysts think a sale could bring in close to €300 ($372.4M).
    • Nestle has been going through a review process similar to that of Procter & Gamble in weening itself of lagging subsidiaries.
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  • Oct. 29, 2014, 6:56 AM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) opens a milk plant in Mexico that doesn't need water from an external source.
    • Technology created by Nestle helps pull water out of the milk pulverization as a byproduct.
    • The company says the initiative will help it cut costs across Mexico by reducing water usage by 15% and could be rolled out in other regions.
    | 1 Comment
  • Oct. 16, 2014, 6:47 AM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) says it's on "high alert" over the potential impact of the Ebola disease in West Africa.
    • The company sources a good portion of its cocoa from Ivory Coast which is on a World Health Organization Ebola watch list.
    • Cocoa future are up 16.6% over the last month.
    • Shares of Nestle fell in Zurich trading after the company reported a drop in 2014 9-month sales.
    • Related ETF: NIB, CHOC.
    | 1 Comment
  • Sep. 19, 2014, 8:59 AM
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  • Sep. 17, 2014, 3:44 PM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) plan to increase its investment in South Africa.
    • The company has $200M earmarked for increasing capacity at a coffee facility and other consumer goods factories in the nation.
    • Africa accounts for 4% of Nestle's sales, a mark that the multinational's top exec in the region thinks could grow to 10%.
    | Comment!
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Company Description
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