Report
Philip Gorham, CFA, FRM
EUR 98.48 For Business Accounts Only

Nestle's wide moat should foster stability in this low-growth competitive environment.

Nestle’s disappointing organic growth in 2016 is in line with our thesis that packaged-food companies are likely to suffer from muted price/mix for the foreseeable future. Although reported growth narrowly missed our forecast, and guidance of 2%-4% organic growth in 2017 is below our current forecasts, the impact of dampening our near-term forecasts is likely to be mitigated by the time value of money, and we do not expect material changes to our CHF 79 fair value estimate. We are reiterating ou...
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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