Pressure Remains on Nestle's Top Line, but Shares Offer Modest Upside
After nine months of the year, Nestle is exactly in line with our full-year 2016 revenue growth forecast of just over 1%. We are maintaining our CHF 79 fair value estimate for the ordinary shares, but we are lowering our valuation of the ADRs to $81 from $83 to account for the modest depreciation in the Swiss franc against the U.S. dollar since our previous update.These results demonstrate that organic growth remains well below historical levels, lending support to our thesis that Nestle's hist...
Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
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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