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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Prepared Foods Company Recalls Pork and Beef Products Due to Misbranding and Undeclared Allergens

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11/10/2017 | 02:37pm CEST

WASHINGTON, Nov. 10 -- The U.S. Department of Agriculture'sFood Safety and Inspection Service has issued the following news release:

Nestle Prepared Foods Company, a Mount Sterling, Ky. establishment, is recalling approximately 26,400 pounds of pork and beef products due to misbranding and undeclared allergens, the U.S. Department of Agriculture'sFood Safety and Inspection Service (FSIS) announced today. The product(s) contains eggs, milk, soy, and wheat, known allergens, which are not declared on the product label.

The frozen not-ready-to-eat (NRTE) pork and beef hot pocket items were produced on September 21, 2016, January 10, 2017 and January 13, 2017. The following products are subject to recall:

* 2,400-lb. bulk packages of "Nestle Hot Pockets BBQ Burger Bites."

* 16,800-lb. bulk packages of "Nestle Hot Pockets 3 Cheese Bacon Bites."

* 7,200-lb. bulk packages of "Nestle Hot Pockets Sausage, Egg, and Cheese Snack Bites."

These items were donated to a charitable organization, in which the product was further distributed to a food bank in Missouri. The products may have been repackaged and further distributed and sold to additional food banks in Missouri. The products do not have the USDA mark of inspection and do not identify the ingredients.

The problem was discovered on October 26, 2017 by an Office of Investigations, Enforcement and Audit Compliance Officer during routine in-commerce surveillance activities.

There have been no confirmed reports of adverse reactions due to consumption of these products. Anyone concerned about an injury or illness should contact a healthcare provider.

Consumers who have purchased or received these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers with questions about the recall can contact Nestle Consumer Engagement Services at (800) 681-1676 or at nestleproductinquiry@casupport.com. Media with questions about the recall can contact Roz O'Hearn, Media Affairs, at (440) 264-5170 or at roz.ohearn@us.nestle.com.

Consumers with food safety questions can "Ask Karen," the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: http://www.fsis.usda.gov/reportproblem.

Click here to view the table: https://www.fsis.usda.gov/wps/portal/fsis/home/!ut/p/a1/hc5NC4JAEAbg39LBqzubVBZEiCFUktWhbC-L5bRa5i7rVn-_LegQJM1tXp75IIykhNXZvRSZKWWdVa-e9TmsoU-HIcz9eDaF2XIVdTexR5MILNi_QEsF8G9-R9g3SYY0smS7ThZhCP7S-4D2E3PCRCUP73f3QX3wfEGYxhNq1O5N27gwRo0ccOAoc5uZTAs0mNf4aNyjvDpgFX9IfWkKRMOFVjxH46pCTW6Cl_mYDoD-2l7IxpD091airimce9U9DjqdJxbn7ao!/?1dmy&page=gov.usda.fsis.internet.newsroom&urile=wcm%3apath%3a%2FFSIS-Content%2Finternet%2Fmain%2Ftopics%2Frecalls-and-public-health-alerts%2Frecall-case-archive%2Farchive%2F2017%2Frecall-118-2017-release

This document was posted showing the date: Nov. 8, 2017.

Targeted News Service, source News Service

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Financials (CHF)
Sales 2018 91 396 M
EBIT 2018 15 160 M
Net income 2018 11 203 M
Debt 2018 27 117 M
Yield 2018 3,16%
P/E ratio 2018 21,35
P/E ratio 2019 19,74
EV / Sales 2018 2,94x
EV / Sales 2019 2,87x
Capitalization 242 B
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Number of Analysts 26
Average target price 87,1  CHF
Spread / Average Target 10%
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NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer
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