San Pellegrino and Perrier owner Nestle will spend the coming months carving out its 3.3 billion-Swiss-franc water business and is open to deals and partnerships, a top executive told Reuters.
Nestle has played down concerns about anti-packaged food rhetoric from Robert F. Kennedy Jr., President-elect Donald Trump's pick to lead the United States' top health agency.
Nestle, the world's largest food company, is embarking on a transformative journey under its new CEO, Laurent Freixe. After several quarters of lackluster sales growth under former CEO Mark Schneider, Freixe, a four-decade Nestle veteran, is steering the company towards a future focused on cost efficiency, amplified marketing, and strategic realignment.
Nestle is a fundamentally strong, AA-rated company with a $225B+ market cap, offering a 3.5% yield and a history of consistent dividend growth. Despite current headwinds like input cost inflation and softening consumer demand, Nestle's diversified segments, especially coffee, PetCare, and Confectionary, are driving growth. Nestle's valuation at sub-18x P/E is attractive, offering potential annu...
Nestle S.A. (OTC:NSRGF, VTX:NESN) has unveiled a restructuring plan that will cut costs by an extra US$2.8 billion and see its waters and premium beverages spun out into a separate business.
Nestle will boost advertising and marketing, trim costs, carve out its water and premium drinks businesses into a standalone global unit, and implement other changes to drive growth under new chief Laurent Freixe, the company said on Tuesday.
Die Baader Bank hat die Einstufung für Nestle CH0038863350 anlässlich eines Kapitalmarkttags auf "Add" mit einem Kursziel von 92 Franken belassen.
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