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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle SA : No Horse Meat Found in Nestle Products : Italy

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02/23/2013 | 12:58pm CEST

ROME (AFP)--Italy's health ministry on Saturday said tests carried out on Nestle SA (NSRGY, NENS.VX) beef products seized this week had shown they did not contain horse meat.

"There was no trace of equine DNA in the cooked and frozen minced beef that was seized from Nestle on February 21," the ministry said in a statement.

"The meat will therefore be returned," it added.

Nestle, the world's biggest food company, on Monday said it was withdrawing two types of pasta meal from supermarket shelves in Italy and Spain due to contamination that did not constitute a health risk.

Italian police on Thursday seized 26 tons of beef from Nestle.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ( CHF)
Sales 2017 90 320 M
EBIT 2017 14 078 M
Net income 2017 9 941 M
Debt 2017 13 537 M
Yield 2017 2,96%
P/E ratio 2017 24,65
P/E ratio 2018 22,72
EV / Sales 2017 2,94x
EV / Sales 2018 2,83x
Capitalization 251 618 M
Chart NESTLÉ
Duration : Period :
Nestlé Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Technical analysis trends NESTLÉ
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 85,9  CHF
Spread / Average Target 6,2%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President & Head-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Catsicas Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ10.68%260 777
THE KRAFT HEINZ COMPANY-3.24%102 930
MONDELEZ INTERNATIONAL-3.14%64 738
DANONE9.95%52 208
GENERAL MILLS, INC.-7.50%32 759
ASSOCIATED BRITISH FOODS14.39%32 000