Nestle S.A.

Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
  • TickerNESN
  • ISINCH0038863350
  • ExchangeSix Swiss Exchange
  • SectorFood Producers
  • CountrySwitzerland

Analysts

Benoit Valleaux ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/18/2019

...

Pierre Tegner

Nestle : Weakness on pricing but record volume mix

>Buy maintained and target price raised to CHF 117 - Buy recommendation maintained and target price raised to CHF 117 after factoring in the cash returns announced yesterday (up to CHF 20bn for 2020-2022, i.e. 6% of market capitalisation). Nestlé is not only a defensive stock which has gained 30% YTD in a context of low rates and risk aversion but is also a group which should grow its underlying EPS by 26% in 2016 vs the 2017 level and increase underlying EPS by ...

Benoit Valleaux ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/10/2019

...

Virginie Roumage

NESTLÉ: A satisfying quarter | NEUTRAL | CHF103 vs. CHF93 (-1%)

NESTLÉ - NEUTRAL | CHF103 vs. CHF93 (-1%) A satisfying quarter OSG driven by RIG, with pricing in negative territory More shareholder returns, acquisitions still the question mark Deceleration expected in Q4 Neutral on valuation grounds

Pierre Tegner

Nestlé : Faiblesse du pricing mais record de croissance en mix/volume

>Achat maintenu et OC relevé à 117 CHF - Achat maintenu avec un OC relevé à 117 CHF après prise en compte du retour de cash annoncé hier (jusqu’à 20 MdCHF sur 2020-2022 soit 6% de la market cap). Nestlé n’est pas seulement un titre défensif qui s’est apprécié de 30% en YTD dans un contexte de baisse des taux et d’aversion au risque. C’est aussi un groupe qui devrait avoir augmenté en 2019 son BPA courant de 26% par rapport au niveau de 2017 et qui devrait augment...

Virginie Roumage

Nestlé: The strike in Brazil to impact Nestlé’s Q2 sales

Nestlé: (NEUTRAL, Fair Value CHF84 (+12%)) The strike in Brazil to impact Nestlé’s Q2 sales We expect 1.6% organic sales growth in Q2. The slowdown is no surprise as Q1 (+2.8%) benefitted from the timing of Easter and the Chinese New Year. But it is more significant than anticipated due to the 10-day strike in Brazil (5% of total sales). In view of this event, we now expect sales to be up 2.6% in 2018 in organic terms (vs +2.9% previously). Consensus appears too high.

Benoit Valleaux ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/18/2019

...

Pierre Tegner

Nestle : Weakness on pricing but record volume mix

>Buy maintained and target price raised to CHF 117 - Buy recommendation maintained and target price raised to CHF 117 after factoring in the cash returns announced yesterday (up to CHF 20bn for 2020-2022, i.e. 6% of market capitalisation). Nestlé is not only a defensive stock which has gained 30% YTD in a context of low rates and risk aversion but is also a group which should grow its underlying EPS by 26% in 2016 vs the 2017 level and increase underlying EPS by ...

Benoit Valleaux ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/10/2019

...

Virginie Roumage

NESTLÉ: A satisfying quarter | NEUTRAL | CHF103 vs. CHF93 (-1%)

NESTLÉ - NEUTRAL | CHF103 vs. CHF93 (-1%) A satisfying quarter OSG driven by RIG, with pricing in negative territory More shareholder returns, acquisitions still the question mark Deceleration expected in Q4 Neutral on valuation grounds

Pierre Tegner

Nestlé : Faiblesse du pricing mais record de croissance en mix/volume

>Achat maintenu et OC relevé à 117 CHF - Achat maintenu avec un OC relevé à 117 CHF après prise en compte du retour de cash annoncé hier (jusqu’à 20 MdCHF sur 2020-2022 soit 6% de la market cap). Nestlé n’est pas seulement un titre défensif qui s’est apprécié de 30% en YTD dans un contexte de baisse des taux et d’aversion au risque. C’est aussi un groupe qui devrait avoir augmenté en 2019 son BPA courant de 26% par rapport au niveau de 2017 et qui devrait augment...

1 director sold

A director at Nestlé AG sold 4,500 shares at 106.412CHF and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2019

Insurers are better equipped than a few years ago to cope with the low interest rate environment. With earnings per share set to continue to grow, the market is likely to focus primarily on solvency margin levels. We believe that they should remain within the target ranges as long as the German 10-year rate does not fall below -1.5%. We reiterate our Buy rating on AXA (target price of € 28). - Cf. company report published last evening. - ...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/10/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/26/2019

The market is holding up, but its apparent resilience is resting on very shaky foundations, in our view. For the time being, the results season has not delivered any unpleasant surprises thus far, but has not invalidated the downward trend in EPS growth. The erosion of PMI continues apace In this context, dependency on monetary policy increases. Lastly, our integration indicators for US-China trade tensions underscore, in the US as in Europe, in the wake of the post-G20 truce, the ret...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/07/2019

Le marché tient, mais cette robustesse apparente nous semble bâtie sur des fondations bien fragiles. Pour le moment, la saison des résultats n’a pas livré de mauvaises surprises, mais n’a pas permis d’invalider la tendance baissière de la croissance des BPA. L’érosion des PMI se poursuit. Dans ce contexte, la dépendance à la politique monétaire se renforce. Enfin nos indicateurs d’intégration de tension commerciale sino-américaine soulignent, de part et d’autre de l’Atlantique, dans l...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/16/2019

...

NESTLE AG sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of NESTLE AG (CH), a company active in the Food Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date August 20, 2019, the closing price was CHF 107.96 and its potential was estimated at CHF 113.36.

Venkatraman Varun
Venkatraman Varun
Venkatraman Varun
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Danone SA - Strategy, SWOT and Corporate Finance Report

Summary Danone SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Danone SA (Danone or ‘the company’) is a global food processing company. It offers fresh dairy products, bottled water, early life nutrition and medical nutrition products. The company’s portfolio comprises yogurt, fermented dairy products, dairy specialties, plant-based nutritional cooking product...

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JG Summit Holdings Inc - Strategy, SWOT and Corporate Finance Report

Summary JG Summit Holdings Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights JG Summit Holdings, Inc. (JG Summit) is a diversified conglomerate company based in the Philippines. The company offers branded consumer goods, agro-industrial, commodity food products, and petrochemicals. It is also involves in the business of hotels, real estate and property developm...

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Savencia SA - Strategy, SWOT and Corporate Finance Report

Summary Savencia SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Savencia SA (Savencia) is a dairy company that produces, markets and sells cheese, butter, cream and other dairy based ingredients. It collects and processes cow, goat and ewe milk from various dairy farms for developing quality and safety products. These comprise soft cheeses, fresh cheeses, pre...

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Summary Arla Foods amba - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Arla Foods amba (Arla Foods) is a dairy company. The company is owned by the milk producers based in Denmark, Sweden, Germany, the UK, Belgium, Luxembourg and the Netherlands. Its product portfolio includes milk, milk powder, butter, yoghurt, cheese, spreads and other dairy products. Arla Foo...

Nestlé – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - NESTLE : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 87.70 and CHF 91.40. The trend would be invalidated below the support at CHF 78.50.

Jérôme VINERIER

Analyse court terme - NESTLE : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 87,70 CHF et 91,40 CHF. La tendance serait invalidée sous le support à 78,50 CHF.

Matthieu DRIOL

Short term view - NESTLE : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 83.76 and CHF 87.70. The trend would be invalidated below the support at CHF 78.68.

Matthieu DRIOL

Analyse court terme - NESTLE : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 83,76 CHF et 87,70 CHF. La tendance serait invalidée sous le support à 78,68 CHF.

Valérie GASTALDY

Medium term view - NESTLE : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 83.75 and CHF 87.91. The trend would be invalidated below the support at CHF 71.22.

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