Nestlé S.A. (0QR4.IL)
| Previous Close | 94.63 |
| Open | 0.00 |
| Bid | 91.42 x N/A |
| Ask | 101.00 x N/A |
| Day's Range | 93.42 - 96.60 |
| 52 Week Range | 4.69 - 109.96 |
| Volume | |
| Avg. Volume | 1,931,989 |
| Market Cap | 270.881B |
| Beta (5Y Monthly) | 0.34 |
| PE Ratio (TTM) | 27.70 |
| EPS (TTM) | 3.46 |
| Earnings Date | Jul 25, 2024 |
| Forward Dividend & Yield | 2.95 (3.01%) |
| Ex-Dividend Date | Apr 24, 2023 |
| 1y Target Est | N/A |
ReutersNestle 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.
ZacksKRYAY or NSRGY: Which Is the Better Value Stock Right Now?
KRYAY vs. NSRGY: Which Stock Is the Better Value Option?
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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.
