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

Nestle Throws a Bone to the Activists at Investor Seminar, but Change will Come Slowly

Nestle did enough to keep the barbarians from the gate at its much-anticipated Investor Seminar. The event highlighted the company's enormous strengths and its significant challenges, in our opinion. We were slightly disappointed that management did not address our concerns over the structure and culture of the organization, but the new medium-term financial targets are in line with our base-case forecasts, and we are reiterating our CHF 79 fair value estimate. We are encouraged by the commentar...
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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