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Global food and chocolate producer Nestle is increasing its cocoa sourcing in Brazil, where production is growing, and it is working with farmers on agricultural techniques that require less fertilizer, according to its CEO, Philipp Navratil.
Nestle is raising prices, reformulating products and cutting items consumers are unwilling to pay more for as it tackles the effects of higher energy, freight and raw material costs following the conflict in the Middle East, CEO Philipp Navratil told Reuters on Wednesday.
Nestlé S.A. (NEST:CA) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript
Nestlà (NSRGY), the global food, beverage and nutrition powerhouse, traded at $96.2901 as it committed 2 billion reais, or roughly $393 million, to Brazil's he
Nestlé is reiterated at Hold, with valuation reflecting balanced risk-reward and limited margin of safety amid macro headwinds. NSRGY delivered resilient Q2 organic growth of 3.6%, strong emerging market performance, and advanced its Fuel for Growth cost savings and portfolio rebalancing. Portfolio reshaping continues with divestitures and targeted investments in premium, science-led segments, while free cash flow covers a 4.09% dividend yield.
Nestle will invest 2 billion reais ($392.73 million) in its nutrition and health division in Brazil through 2028, including 600 million reais for a new infant formula factory in Minas Gerais state, the company said on Thursday.
Nestle will sell its mainstream vitamins, supplements and minerals business to Yellow Wood Partners, the latest move to tighten its portfolio and focus on core categories.
Nestle said on Tuesday it has agreed to divest its mainstream vitamins, minerals and supplements business to U.S.-based Yellow Wood Partners for $1 billion.
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