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Nestle
Mar 7, 2024 16:24:08 GMT
via mobile
Post by chang on Mar 7, 2024 16:24:08 GMT
NESN.SW on the Swiss exchange, or NSRGY on the US exchange. One of my worst buys last year. Simple question - sell it now, cut my losses and run ….. or hold? Yielding a meh 3.23%. richardsok uncleharley Always appreciate your read of the Magic 8-Ball.
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Post by uncleharley on Mar 7, 2024 16:55:03 GMT
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Nestle
Mar 7, 2024 19:39:18 GMT
Post by bb2 on Mar 7, 2024 19:39:18 GMT
chang, just wondering what your investment thesis was. Way below a dropping 200-day MA, so, short term uptrend but still in a long downtrend. Up 2.65% in 5 days, so go with that but maybe add a stop and keep an eye on it even if it does continue to rise. Earnings revisions have been lower but that's almost always the case.
I'd read the 10-k but really have no interest in any packaged food company or even any consumer staple.
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Nestle
Mar 7, 2024 20:04:25 GMT
Post by bb2 on Mar 7, 2024 20:04:25 GMT
Nestlé upgraded to Sector Perform by RBC noting recent earnings, forecasts SA NewsTue, Feb. 27 Nestlé (OTCPK:NSRGF) (OTCPK:NSRGY) Tuesday was upgraded by RBC Capital Markets to Sector Perform from Underperform, while its price target was tweaked to CHF96.00 from CHF97.00, as the brokerage noted Nestlé's 2023 results.
The food and beverage company last week posted a full-year EPS of CHF4.80, along with a revenue of CHF93B (-1.5% Y/Y). For 2024, Nestlé expected organic sales growth of around 4% and a moderate increase in the underlying trading operating profit margin.
For 2025, the company forecasted mid-single-digit organic sales growth and an underlying trading operating profit margin range of 17.5% to 18.5%.
"We believe that 2024 guidance for around 4% organic revenue growth is realistic, rather than conservative, as pricing tailwinds normalize. We're content for this to be the starting point for our forecasts in 2025 and 2026 as well," said analysts at RBC.
Eyeing the company's EBIT margin targets of the old 17.5-18.5% target for 2025, the financial services company said "We think that's ambitious: not absurd but not easy, either".
RBC expected the cost environment to normalize further offsetting moderating pricing and some operating deleverage from the Nestlé Health Science business in H1.
"Nestlé intends to increase marketing further in 2024, rightly so in our view, while everything we hear about premiumization, mix, and GLP1 convinces us that R&D is going to continue to be a meaningful object of investment," commented RBC analysts.
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Nestle
Mar 7, 2024 20:09:07 GMT
Post by bb2 on Mar 7, 2024 20:09:07 GMT
BTW, heard that Biden tonight might call out companies for shrink-flation. Not that it'd effect NSGRY stock price. While he's at it he could call out gas retailers for their pricing.
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Nestle
Mar 7, 2024 20:25:18 GMT
via mobile
Post by chang on Mar 7, 2024 20:25:18 GMT
bb2 My thesis was that it’s a safe, low beta giant that wouldn’t suffer from inflation, because no matter what the price people will buy pet food, baby formula, coffee, chocolate, and breakfast cereal.
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Nestle
Mar 7, 2024 20:38:43 GMT
Post by bb2 on Mar 7, 2024 20:38:43 GMT
That's a pretty good idea for this market today, (safe low beta), which might be why it's rising. And it's cheaper now. I couldn't find why it's up in the last few days on high volume, so maybe your idea was just early.
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Nestle
Mar 7, 2024 23:06:40 GMT
via mobile
bb2 likes this
Post by Deleted on Mar 7, 2024 23:06:40 GMT
I bought a Nestle Stouffer's frozen enchilada dinner recently. It was disgusting.
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