Latest news with #NestléSA
Business Insider
26-07-2025
- Business
- Business Insider
Goldman Sachs Remains a Buy on Nestlé SA (NSRGF)
In a report released yesterday, Olivier Nicolai from Goldman Sachs reiterated a Buy rating on Nestlé SA, with a price target of CHF92.00. The company's shares closed yesterday at $90.99. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nicolai covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Reckitt, and Diageo. According to TipRanks, Nicolai has an average return of 3.9% and a 53.89% success rate on recommended stocks. In addition to Goldman Sachs, Nestlé SA also received a Buy from DZ BANK AG's Axel Herlinghaus in a report issued on July 24. However, yesterday, Barclays maintained a Hold rating on Nestlé SA (Other OTC: NSRGF). Based on Nestlé SA's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $46.49 billion and a net profit of $5.24 billion. In comparison, last year the company earned a revenue of $46.71 billion and had a net profit of $5.56 billion Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSRGF in relation to earlier this year.
Business Insider
29-06-2025
- Business
- Business Insider
Citi Reaffirms Their Hold Rating on Nestlé SA (NSRGF)
Citi analyst Cedric Besnard maintained a Hold rating on Nestlé SA (NSRGF – Research Report) on June 27 and set a price target of CHF90.00. The company's shares closed last Friday at $99.49. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Besnard covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, Nestlé SA, and Tate & Lyle. According to TipRanks, Besnard has an average return of 1.0% and a 52.94% success rate on recommended stocks. In addition to Citi, Nestlé SA also received a Hold from Exane BNP Paribas's Jeff Stent in a report issued on June 27. However, on the same day, Jefferies maintained a Sell rating on Nestlé SA (Other OTC: NSRGF). NSRGF market cap is currently $247.8B and has a P/E ratio of 20.90. Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral on the stock.
Business Insider
27-06-2025
- Business
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Nestlé SA (NSRGF)
Kepler Capital analyst Jon Cox maintained a Buy rating on Nestlé SA (NSRGF – Research Report) on June 25 and set a price target of CHF95.00. The company's shares closed yesterday at $97.38. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Cox is a 4-star analyst with an average return of 2.7% and a 55.68% success rate. Cox covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, DANONE SA, and Barry Callebaut AG. Currently, the analyst consensus on Nestlé SA is a Hold with an average price target of $107.63, which is a 10.53% upside from current levels. In a report released on June 25, HSBC also maintained a Buy rating on the stock with a CHF93.00 price target. The company has a one-year high of $109.35 and a one-year low of $79.55. Currently, Nestlé SA has an average volume of 19.32K.
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Business Standard
03-06-2025
- Business
- Business Standard
India's petcare industry booms with startups, investors, and new mindsets
With landmark deals, like Nestle's investment in Drools, and expanding interest from diverse sectors, the industry looks poised for its next big leap Sarthak Choudhury Delhi Listen to This Article About a week ago, Bengaluru-based pet food brand Drools made headlines by becoming a unicorn — a startup valued at over $1 billion — following an investment from Nestlé SA. It was the Swiss food and beverage giant's first investment in India, and at 10 per cent, also one of the largest investments the country's petcare industry has seen. For those within the sector, this was hardly surprising. 'India's pet economy is undergoing a fundamental shift — from an unstructured sector to a high-growth industry,' says Salil Murthy, managing director of Mars Petcare India, the company behind popular
Time of India
29-05-2025
- Business
- Time of India
VCs sniff opportunity as petcare expands beyond food
A surge in pet adoption since the Covid pandemic, coupled with the rapid expansion of petcare services and the rise of quick commerce, is prompting both risk-capital and strategic investors to seek opportunities in the petcare startup space. On Monday, Swiss multinational Nestlé SA announced a minority investment in Drools , turning the Bengaluru-based pet food brand into a unicorn, or a privately held firm valued at $1 billion or more. Supertails, a digital petcare platform backed by Fireside Ventures, is in talks to raise $24–25 million in a fresh round, people aware of the matter said. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Heads Up For Tails, a petcare brand and retail chain backed by Peak XV Partners, is also in discussions for a new round of funding, sources said. Vetic, a Gurgaon-based veterinary care startup, recently closed a $26-million funding round led by Bessemer Venture Partners. Live Events Over the last five years, petcare startups — which are broadly categorised as either product-driven offerings or services — have raised $198 million in funding across 20 deals, according to data provided by Venture Intelligence. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories ETtech Petcare startups have raised $198 million 20 deals over five years. 'Investors see this as a very healthy category because on the one side, there is growth and on the other side, it is a pure retention-based category with good margins,' said Vineet Khanna, cofounder of Supertails. Founded in 2021, Supertails has raised $30 million so far, including $15 million from RPSG Capital Ventures in February 2024. Prior to the Nestlé investment, Drools had raised $60 million from L Catterton in 2023. India's petcare market, currently valued at $3.5 billion, is expected to reach $7–7.5 billion by 2028, according to a report by Redseer Strategy Consultants. The number of pets in Indian households has grown from 26 million in 2019 to 32 million in 2024, the report noted. 'Higher disposable incomes, delayed marriages, and lower fertility rates are contributing to increased demand for companionship (of pets),' Khanna said. He said the industry is growing consistently with strong retention of consumers, 'especially as people spend more across categories.' Legacy FMCG players and consumer companies have also entered the fray. In August 2023, Godrej Consumer Products committed Rs 500 crore to the category through a joint effort with Godrej Agrovet. Earlier, Nestlé India acquired Purina Petcare India from its global parent for Rs 125.3 crore, and Emami picked up a 30% stake in petcare brand Cannis Lupus Services India . Currently, Mars, the maker of Pedigree and Royal Canin, remains the market leader in pet nutrition in India. Alongside larger players, startups like Heads Up For Tails, Supertails, Goofy Tails, and Just Dogs have built product-led offerings, while Vetic, Petmojo, The Pet Nest, and Happy Pettings are focused on services like vet care, grooming, and training. Pet product purchases are increasingly made online, especially on platforms like Amazon, Flipkart, and quick commerce services like Blinkit and Zepto. 'Ecommerce created the initial demand, but quick commerce is what's taking it to the next level,' said Renu Bisht, founder of brand consultancy Commercify360. 'Now, even in tier-II cities, pet owners can access a wide range of products without visiting niche offline stores.' Non-food categories such as grooming, supplements, toys, and accessories are now growing faster than core pet food, industry experts said. 'If food is growing at 18–20% year-on-year, non-food segments like healthcare and accessories are clocking over 25% growth,' Khanna noted. 'Pet parents today are far more aware of their pets' needs.' Prayag Mohanty, principal at Fireside Ventures, said, 'The pandemic was a clear tailwind. People were at home and started looking for companionship. That growth has continued across the category.'
