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

NESTLÉ S.A.

(NESN)
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Delayed Quote. Delayed Swiss Exchange - 11/27 11:30:25 am
102.3 CHF   -0.08%
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Nestle S A : Purina to meet growing pet food demand with new factory in Ohio, US

10/26/2020 | 11:25am EST

Today, Nestlé Purina PetCare announced a USD 550 million investment to build a new factory in Ohio, United States, to meet increasing demand for its high-quality, nutritious pet foods.

The Williamsburg Township location will join Purina's network of 21 existing manufacturing locations across the United States and be the company's first new factory built from the ground up since 1975.

This expansion is part of a broader growth plan for Purina and marks the second new factory Purina has announced in 2020 after the company revealed plans in late September to convert a former brewery into a new pet food factory in Eden, North Carolina.

Preliminary plans call for Purina to invest USD 550 million to build its new factory in southwest Ohio and produce leading dry dog and cat food brands, including Purina Pro Plan, Purina ONE and Dog Chow.

Purina plans to employ more than 300 people at its new factory location by 2024. Construction will begin this fall, and the factory is expected to be operational in 2023.

For more information, please read the press release.

Disclaimer

Nestlé SA published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 16:24:01 UTC


© Publicnow 2020
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Financials
Sales 2020 84 945 M 93 839 M 93 839 M
Net income 2020 11 697 M 12 921 M 12 921 M
Net Debt 2020 30 184 M 33 344 M 33 344 M
P/E ratio 2020 25,2x
Yield 2020 2,66%
Capitalization 285 B 315 B 315 B
EV / Sales 2020 3,71x
EV / Sales 2021 3,68x
Nbr of Employees 291 000
Free-Float 93,5%
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Technical analysis trends NESTLÉ S.A.
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 117,02 CHF
Last Close Price 102,30 CHF
Spread / Highest target 27,1%
Spread / Average Target 14,4%
Spread / Lowest Target -8,11%
EPS Revisions
Managers
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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