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Nestlé S.A. (NSRGF)

OTC Markets OTCPK - OTC Markets OTCPK Delayed Price. Currency in USD
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100.94-0.74 (-0.73%)
At close: 03:47PM EDT
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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.


    Nestlé and Other Food Makers Cater to Wegovy, Ozempic Users

    Weight loss drugs are rising in popularity, and food companies are cooking up new ways to win over those consumers.

  • Fortune

    Nestlé’s new foods are getting Ozempified, with slashed portions priced specifically for those on weight-loss drugs

    The company says its Vital Pursuit line, priced under $5, is high in protein and vitamins, addressing nutrient deficiencies that Ozempic and Wegovy users may have.