Nestle Well-Positioned to Achieve Mid-Term Targets After in Line FY 2018 but Shares Slightly Rich
Nestle reported full-year results for fiscal-year 2018, with organic growth of 3.0% (2.5% volume growth and 0.5% pricing) in line with our expectations (2.3% volume growth 0.7% pricing respectively) and consensus. Trading operating profit margin improved 50 basis points to 17% (versus 46 basis points in our model). Management expects continued improvement in organic sales growth for fiscal 2019 and further progress in the underlying operating profit or UTOP margin, in line with its 17.5%-18.5%Â t...
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.
We have operations in 27 countries.
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