{
Nestle SA

Companies

}
Nestle stock seen as undervalued by major investor amid market concerns
Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co to view it as a buying opportunity. Chief investment officer Christopher Rossbach believes the stock is “far too cheap,” despite challenges like a CEO exit and changing consumer habits. Analysts predict a potential gain of over 20% for Nestle shares from current levels.
Investing.com
Swiss Franc J. Stern & Co. LLC Nestle SA CHE Christopher Rossbach
Finance & Economy, Market Report
16:06 20.12.2024
nestle stock faces historic drop as investors see turnaround potential
Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co. to increase its holdings, deeming the shares "far too cheap." Following the ousting of its CEO and reduced sales guidance, analysts are cautiously optimistic about a turnaround under new CEO Laurent Freixe, with expectations of a 20% stock rise in the next year. Despite the challenges, market sentiment suggests the selloff may have been excessive, particularly given Nestle's strong product portfolio in coffee, pet care, and nutrition.
BNN Bloomberg
Swiss Franc The Goldman Sachs Group Inc Citigroup Inc. Nestle SA Morgan Stanley CHE Jon Cox Cedric Besnard Mark L. Schneider Christopher Rossbach Laurent Freixe Olivier Nicolai Sarah Simon Cedric Norest Show more
Finance & Economy, Market Report
10:13 20.12.2024
nestle stock seen as undervalued amid leadership changes and market concerns
[Bloomberg]
Yahoo Finance
The Goldman Sachs Group Inc Nestle SA CHE Mark L. Schneider Christopher Rossbach Laurent Freixe Olivier Nicolai Show more
Finance & Economy, Market Report
10:13 20.12.2024
nestle india unaffected by switzerland's suspension of most favoured nation status
Nestle India Ltd. stated that the suspension of Switzerland's 'most favoured nation' status for India will have "no impact" on its operations. This decision, stemming from a Supreme Court ruling, is a broader policy issue and not specific to the company, which already applies a 10% withholding tax on cross-border payments. Nestle India remains a significant market for the Swiss FMCG giant, having operated in the country for 112 years.
NDTV Profit
Indian Rupee Swiss Franc Nestlé India Limited Nestle SA IND
Finance & Economy, News Article
10:21 19.12.2024
Goldman Sachs initiates buy rating for Nestle amid positive growth outlook
Goldman Sachs has initiated coverage on Nestle SA, assigning a Buy rating with a price target of CHF 86.00, citing the company's strong market position in lucrative sectors like coffee and pet care. Despite recent challenges, including rising cocoa and coffee prices, analysts predict robust organic sales growth of 4% and a solid dividend yield of 3.3%. The new CEO's strategic focus on innovation and integration is expected to enhance Nestle's growth trajectory moving forward.
Investing.com
United States Dollar Swiss Franc Euro Nestle SA CHE
Finance & Economy, Market Report
14:04 17.12.2024
switzerland revokes india's mfN status following supreme court ruling on taxation
Switzerland has suspended India's Most Favoured Nation (MFN) status effective January 1, 2025, citing a 2023 Supreme Court ruling regarding the Double Taxation Avoidance Agreement (DTAA) with Nestle. The Court determined that benefits from other countries' DTAAs cannot be claimed by Switzerland unless its own agreement is amended and notified under Indian law. This decision underscores the necessity of reciprocity in international tax treaties.
livelaw.in
United States Dollar Nestle SA Steria India Ltd. LTU IND GBR COL SVN CHE Ravindra S Bhat Dipankar Datta Show more
Regulatory & Legal, Transcript
11:31 16.12.2024
nestle india stock dips below moving average amid minor price decline
Nestle India’s stock is currently trading at Rs 2250.00, reflecting a minor decline of 0.16% for the day. The price has dipped below the 20-day Simple Moving Average of Rs 2252.67, suggesting a potential shift in market sentiment. The company boasts a market capitalization of Rs 217,272.82 and a price-to-earnings ratio of 67.15.
website
Indian Rupee Nestle SA IND
Finance & Economy, Market Report
04:46 16.12.2024
switzerland withdraws mfN status amid india switzerland trade agreement negotiations
Switzerland has withdrawn the 'most favoured nation' status from India under the Double Taxation Avoidance Agreement, following a Supreme Court ruling that imposed a higher tax rate on Nestle. This move raises concerns about the credibility of India's commitments to foreign investors, especially as the Trade and Economic Partnership Agreement with EFTA is set for ratification. Indian officials suggest that the TEPA may take precedence over the DTAA, indicating potential renegotiations ahead.
fortuneindia.com
United States Dollar Indian Rupee Euro Nestle SA IND NOR CHE ISL LIE Randhir Jaiswal Ashwani Mahajan Show more
Regulatory & Legal, News Article
07:37 15.12.2024
Switzerland revokes most favoured nation status for India impacting tax rates
Switzerland has revoked the Most Favoured Nation (MFN) status for India, effective January 1, 2025, following a Supreme Court ruling related to Nestle. This change, stemming from a disagreement over the interpretation of the Double Tax Avoidance Agreement, will increase tax on dividends for Indian firms, raising the rate from 5% to 10% for income earned post-2024, while prior earnings remain unaffected.
summary_large_image
Swiss Franc Indian Rupee Nestle SA CHE IND
Regulatory & Legal, News Article
07:43 14.12.2024
Switzerland suspends MFN status for India following court ruling on taxes
Switzerland has suspended the most favoured nation (MFN) status for India under their tax treaty, effective January 1, 2025, following a Supreme Court ruling that affects the enforcement of the Double Taxation Avoidance Agreement (DTAA). This change will result in higher withholding taxes for Indian companies operating in Switzerland, particularly impacting firms like Nestle. The Swiss authorities cited a lack of reciprocity in tax treatment as the reason for this decision, which may prompt other countries to adopt similar measures.
BusinessLine
Swiss Franc Nestle SA CHE IND Amit Maheshwari Randhir Jaiswal Sandeep Jhunjhunwala Show more
Regulatory & Legal, News Article
14:35 13.12.2024
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