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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

(NESN)
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Correction: Election 2018-House-Iowa-Steve King story

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11/09/2018 | 02:07pm EDT

WASHINGTON — In a story Nov. 6 about the re-election of Iowa Rep. Steve King, The Associated Press reported erroneously that Purina Pet Care was a subsidiary of Land O'Lakes. Nestle Purina Pet Care is a subsidiary of Nestle SA.

A corrected version of the story is below:

Rep. King wins despite outcry over white supremacist support

Republican congressman Steve King has won a ninth term representing Iowa despite condemnation from his own party over his support of white supremacist groups and leaders

Republican congressman Steve King won a ninth term representing Iowa despite condemnation from his own party over his support of white supremacist groups and leaders.

King on Tuesday defeated Democratic newcomer J.D. Scholten, a former minor league baseball player who raised more money and spent months crisscrossing the 39-county district.

President Donald Trump won the Republican-heavy district by 27 percentage points in 2016, but King faced a competitive challenge from Scholten.

King had long tested the limits of the Republican Party's tolerance for fringe views, notably his harsh anti-immigration rhetoric. On Oct. 27, the day a gunman who had raged against Jews killed 11 people at a Pittsburgh synagogue, King defended the groups he had associated with, including Austria'sFreedom Party, which was founded by former Nazis.

In recent days, National Republican Congressional Committee Chairman Steve Stivers decried King's comments, saying, "We must stand up against white supremacy and hate in all forms." Several King financial backers withdrew their support, including Intel, Land O'Lakes and Nestle SA and its subsidiary Nestle Purina Pet Care.

King maintained his hard-line views on immigration and support of gun rights were in step with the conservative district.

He kept a low profile in the days before the election but denounced the attacks against him as "orchestrated by the nasty, desperate and dishonest fake news."

© 2018 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CHF)
Sales 2019 95 315 M
EBIT 2019 16 500 M
Net income 2019 11 323 M
Debt 2019 33 761 M
Yield 2019 2,70%
P/E ratio 2019 24,87
P/E ratio 2020 22,16
EV / Sales 2019 3,48x
EV / Sales 2020 3,33x
Capitalization 298 B
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Technical analysis trends NESTLÉ
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 99,4  CHF
Spread / Average Target 2,3%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
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GENERAL MILLS31.00%30 544
ASSOCIATED BRITISH FOODS25.16%25 607