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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle S A : - Purina launches pet food with plant and insect proteins

11/06/2020 | 09:14am EST

NestlePurina is launching pet food that builds on alternative proteins to make better use of the planet's resources.

The new line includes insects as well as plant protein from fava beans and millet.

Purina Beyond Nature's Protein will first be sold in Switzerland from November. Veterinarians and nutritionists at Purina have put together two recipes: one based on chicken, pig's liver and millet; the second using insect protein, chicken and fava beans. Both recipes are available for dogs and cats.

The insect protein comes from black soldier fly larvae, which are already in use in animal feed in Europe. The millet and fava beans provide protein, energy, and fibre to aid digestion. All the ingredients are steamed to maintain nutrient quality.

The new pet food was developed taking into consideration the different nutritional requirements of cats and dogs, as well as their different taste profiles. The protein sources were blended to deliver all essential amino acids dogs and cats need, with different levels of insect proteins for each.

Nestle Purina Petcare EMENA CEO Bernard Meunier said: 'Every ingredient in our food serves a purpose. With our new Beyond Nature's Protein dry pet food, we are offering a complete nutritious alternative to conventional dog and cat products, while taking care of the planet's precious resources by diversifying the protein sources. We're constantly looking at ways in which we can source sustainably for the longer-term while still delivering the high-quality nutrition that pets need today and tomorrow.'

With the launch, Purina will be surveying consumers to gain valuable feedback on the new products. In addition to the use of alternative protein sources, the launch of Beyond Nature's Protein will make a further contribution to the environment. Purina has agreed to a partnership with Reforest'Action so that for every product sold, a tree will be planted in Sumatra, Indonesia, to aid reforestation.

Contact:

Tel: 1800 103 1947

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 84 954 M 95 259 M 95 259 M
Net income 2020 11 769 M 13 197 M 13 197 M
Net Debt 2020 30 353 M 34 035 M 34 035 M
P/E ratio 2020 24,7x
Yield 2020 2,71%
Capitalization 281 B 316 B 315 B
EV / Sales 2020 3,66x
EV / Sales 2021 3,66x
Nbr of Employees 291 000
Free-Float 93,5%
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Technical analysis trends NESTLÉ S.A.
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TrendsNeutralNeutralNeutral
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 115,98 CHF
Last Close Price 100,88 CHF
Spread / Highest target 28,9%
Spread / Average Target 15,0%
Spread / Lowest Target -6,82%
EPS Revisions
Managers and Directors
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Head-Operations & Executive Vice President
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer & Executive VP
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