Nestlé (Malaysia) Berhad (4707.KL)
| Previous close | 126.30 |
| Open | 126.00 |
| Bid | 126.80 x 0 |
| Ask | 127.00 x 0 |
| Day's range | 126.00 - 127.10 |
| 52-week range | 111.60 - 136.00 |
| Volume | |
| Avg. volume | 124,576 |
| Market cap | 29.781B |
| Beta (5Y monthly) | 0.14 |
| PE ratio (TTM) | 45.36 |
| EPS (TTM) | 2.80 |
| Earnings date | 25 Apr 2024 - 29 Apr 2024 |
| Forward dividend & yield | 5.12 (4.05%) |
| Ex-dividend date | 17 Apr 2024 |
| 1y target est | 128.10 |
- Reuters
WRAPUP 1-Consumer gulf widens as demand for premium and budget foods grows
From Nestle to Danone, food companies are seeing shoppers that want either premium or cheaper products, with less interest in items in the middle, particularly in developed markets like North America. The packaged goods industry has for over two years hit shoppers with higher prices, citing higher costs that started with the pandemic and were exacerbated by Russia's invasion of Ukraine. Everything from sunflower oil to freight has become more expensive, taking a toll on global supply chains and consumers struggling to make ends meet.
- Reuters
UPDATE 3-Nestle misses sales estimates after hiking prices across the board
Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America. The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4% and a moderate increase in underlying trading profit margin. Organic sales, which exclude the impact of currency movements and acquisitions, rose 1.4% in the first quarter ended March, the company said.
Insider MonkeyHere’s Why Polen Global Growth Strategy Eliminated Nestlé S.A. (NSRGY)
Polen Capital, an investment management company, released its “Polen Global Growth Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased 8.10% gross and 7.81% net, respectively, trailing the MSCI ACW Index’s 8.20% return. The market dynamics that were in place at the end […]
