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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.

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Financials ( CHF)
Sales 2017 90 222 M
EBIT 2017 13 985 M
Net income 2017 9 893 M
Debt 2017 14 545 M
Yield 2017 2,86%
P/E ratio 2017 25,62
P/E ratio 2018 23,25
EV / Sales 2017 3,04x
EV / Sales 2018 2,96x
Capitalization 260 B
Chart NESTLÉ
Duration : Period :
Nestlé Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Technical analysis trends NESTLÉ
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 87,5  CHF
Spread / Average Target 4,9%
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$)
NESTLÉ14.85%263 761
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MONDELEZ INTERNATIONAL-7.94%61 843
DANONE17.11%55 550
ASSOCIATED BRITISH FOODS22.40%34 707
GENERAL MILLS, INC.-15.77%29 559