Report
Philip Gorham, CFA, FRM
EUR 101.80 For Business Accounts Only

Nestle Provides Underwhelming Response to Investment by Third Point

Nestle may have woken up, but we are not convinced the company has smelt the coffee with regard to the actions it needs to take to reignite growth in the increasingly competitive packaged food industry. We think our assumptions around the company's algorithm are appropriate, and we are reiterating our CHF 79 fair value estimate. While it is possible that the company's announced measures succeed in reaccelerating growth, we think the changes revealed today fall short of the measures we think are ...
Underlying
Provider
Morningstar
Morningstar

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.

Analysts
Philip Gorham, CFA, FRM

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