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    NESN   CH0038863350

NESTL╔ S.A.

(NESN)
  Report
Real-time Estimate Cboe Europe  -  11:15 2022-12-02 am EST
113.25 CHF   -0.41%
05:59aNESTLE : Deutsche Bank gives a Neutral rating
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12/01NESTLE : Buy rating from JP Morgan
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12/01NESTLE : Deutsche Bank reiterates its Neutral rating
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Nestle To Invest $1.01 Billion on Responsible Coffee Farming

10/04/2022 | 02:58am EST

By Maitane Sardon


Nestle SA plans to invest over 1 billion Swiss francs ($1.01 billion) to help make coffee farming more sustainable.

The Swiss packaged-foods giant said Tuesday that it has launched the NESCAFE Plan 2030 under its largest coffee brand to support its goal of having 100% responsibly-sourced coffee by 2025 and half of the coffee it grows sourced from regenerative agricultural methods by 2030.

As part of the plan, the company will provide farmers with training, technical assistance, and high-yielding coffee plantlets to help them transition to regenerative coffee farming practices, Nestle said. It added it will also work with coffee farmers to test and assess agriculture practices that restore the soil biodiversity. It said it will focus on Brazil, Vietnam, Mexico, Colombia, Ivory Coast, Indonesia, and Honduras, the countries where the brand sources 90% of its coffee.


Write to Maitane Sardon at maitane.sardon@wsj.com


(END) Dow Jones Newswires

10-04-22 0257ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.27% 5.4815 Delayed Quote.-14.92%
NASDAQ COLOMBIA 0.47% 281.509934 Real-time Quote.-23.40%
NESTLÉ S.A. -0.23% 113.42 Delayed Quote.-10.77%
S&P GSCI COFFEE INDEX -1.33% 125.9531 Real-time Quote.-24.86%
All news about NESTL╔ S.A.
05:59aNESTLE : Deutsche Bank gives a Neutral rating
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12/01NESTLE : Buy rating from JP Morgan
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11/30Nestle outlines value creation model and 2025 targets at investor seminar
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11/30Nestle S A : Presentation 1MB
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Analyst Recommendations on NESTL╔ S.A.
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Financials
Sales 2022 94 996 M 99 994 M 99 994 M
Net income 2022 11 729 M 12 346 M 12 346 M
Net Debt 2022 42 330 M 44 557 M 44 557 M
P/E ratio 2022 26,2x
Yield 2022 2,65%
Capitalization 310 B 326 B 326 B
EV / Sales 2022 3,71x
EV / Sales 2023 3,56x
Nbr of Employees 276 000
Free-Float 97,9%
Chart NESTL╔ S.A.
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NestlÚ S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends NESTL╔ S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 112,34 CHF
Average target price 119,68 CHF
Spread / Average Target 6,53%
EPS Revisions
Managers and Directors
Ulf Mark Schneider Chief Executive Officer & Director
Franšois-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
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