|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||111.58 - 112.71|
|52 Week Range||88.00 - 122.63|
|Beta (5Y Monthly)||0.27|
|PE Ratio (TTM)||41.99|
|Forward Dividend & Yield||2.77 (2.47%)|
|Ex-Dividend Date||Apr. 27, 2020|
|1y Target Est||138.00|
In 2017, the food group bought a minority stake in Freshly, as the lead investor in a $77m funding round. Freshly’s 2020 sales were forecast at $430m.
Food group Nestle on Friday said it had bought U.S. meal delivery company Freshly in a deal valuing it at $950 million, with further potential payments or "earnouts" of up to $550 million. The purchase marks another deal for Nestle boss Mark Schneider, who has bought and sold around 50 businesses since taking over in 2017. Under Schneider, the world's largest packaged food group has been moving into faster-growing areas like premium coffee and pet food and away from slower categories like mass market candy and bottled water.
Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home in weekly orders, which can then be prepared in a few minutes in your microwave or oven. According to Nestlé's press release, Freshly is now shipping more than 1 million meals per week across 48 states, with forecasted sales of $430 million for 2020.