Nestle Reports in Line First-Quarter Sales, Confirms Guidance; Shares Slightly Rich
Nestle reported first-quarter sales with organic growth of 3.4% (versus 3.5% organic growth in our model for the year) in line with our full-year expectations. Management confirmed its fiscal 2019 guidance for continued improvement in organic sales growth and underlying trading operating margin toward 2020 targets of 17.5%-18.5%. Our full-year expectations are close to consensus (64 basis points margin improvement and 3.5% organic growth versus 60 basis points and 3.6% for the consensus, respect...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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