|Day Low/High||73.10 / 73.82|
|52 Wk Low/High||66.08 / 83.25|
European stocks drifted lower Thursday despite a strong session in Asia as a U.S. dollar retreat and mixed corporate earnings allowed benchmarks to pull back from recent multi-month highs
Nestle posted lower-than-expected full year profits Thursday and said it would target cost cuts too boost underlying sales growth in the year ahead.
Nestle's full-year growth of 3.2% reported in its full-year earnings released Thursday disappointed investors and puts the largest food and drinks company's new CEO to the test.
European stocks drifted lower Thursday despite a strong session in Asia as a U.S. dollar retreat and mixed corporate earnings allowed benchmarks to pull back from recent multi-month highs.
The dollar is gaining against the euro and other currencies, driving down the costs of chocolate, roses, and champagne. What's not to love?
Infant formula remains a key growth market.
Reckitt Benckiser shares surged to the top of London's FTSE 100 Thursday after it said it's in talks to acquire Mead Johnson in what could be a $16.7 billion deal.
A possible merger between Nestle and Mead Johnson could trigger anti-trust concerns.
It has cheap shares and decent dividends, but here's the kicker -- the company might be sold.
China is developing a taste for dairy and beef. But it is desperately short of meeting demand, putting cattle-related assets in play.
Shares go for 18.7x 2017's EPS estimate, and once currency trends ease, Nestlé should post 6% to 10% earnings growth.
Nestle, British American Tobacco and Diageo are exploring healthier options as consumers' habits change.
U.S. stock futures turn lower Thursday as oil prices stabilize after soaring during the previous session following OPEC's agreement to cut output; U.S. automakers release November sales.
Nestle want to use less sugar in confectionery without changing the taste as global prices rise.
The company paid $5.8 billion last year for pet food company Big Heart Pet Brands, but sales in the division have disappointed.
The leading U.S. chocolate maker has announced expectation-beating third-quarter results.
European companies feel the pinch in Latin America's biggest economy.
Nestle reports organic growth of 3.2% in the first nine months of the year.
European stock markets are modestly higher in the Thursday session ahead of a key policy meeting at the European Central Bank in Frankfurt.
A government panel says Norway's $880 billion sovereign wealth fund should buy more stocks.
The dual recall of both new and replacement Galaxy Note7 phones has left Samsung Electronics shares in tatters.
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Brent crude surges breaks $50 a barrel.
Organic growth was strongest in the Americas, though deflationary pressures were a drag on pricing in North America.
Nestle's dividend has increased in each of the past 10 years, and it provides extremely reliable income growth.
Unilever says it will acquire Dollar Shave Club for roughly $1 billion as it looks to compete against rival Gillette.