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Nestlé S.A. (NESN.SW)
| Previous close | 95.56 |
| Open | 96.00 |
| Bid | 96.14 x 0 |
| Ask | 96.18 x 0 |
| Day's range | 95.72 - 96.54 |
| 52-week range | 89.52 - 109.86 |
| Volume | |
| Avg. volume | 4,146,103 |
| Market cap | 251.992B |
| Beta (5Y monthly) | 0.29 |
| PE ratio (TTM) | 22.74 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 3.00 (3.14%) |
| Ex-dividend date | 22 Apr 2024 |
| 1y target est | N/A |
- Reuters
Nestle shares post further gains after upbeat CEO comments
Shares in Swiss consumer goods company Nestle posted further gains on Friday morning after a rally a day earlier sparked by upbeat comments from CEO Mark Schneider. Shares in Nestle rose by as much as 2.1% after jumping by more than 3% on Thursday, when Schneider said during a fireside chat with JPMorgan that business was "noticeably picking up pace" after a slow start to the year. Schneider, who said the firm was sticking to its target of around 4% organic sales growth this year, noted that brand support and "significant innovation hitting the shelves" would help underpin strong real internal growth this quarter.
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JPMorgan double upgraded Unilever, while cutting Nestle
JPMorgan has turned positive on Unilever (LON:ULVR), after several years of caution, but has taken a more cautious view on Nestle (SIX:NESN) as its earnings growth moderates. Unilever has instituted several changes over the past 12 months, analysts at JPMorgan said in a note dated May 23, which have soothed the bank’s concerns, including cultural change and corporate governance; market share underperformance through increased investments and execution focus; and portfolio transformation with disposals. This feeds a stronger FY24, and should give credence to Unilever is on the path to turnaround and contribute to the stock re-rating along with positive earnings revision.
