NESTLE (WKN: A0Q4DC ) - eine Langfristanlage par exelence (Seite 85)

[McF]

Nestlé "buy"

Zürich (aktiencheck.de AG) - Jean Philippe Bertschy, Analyst von Vontobel Research, stuft die Nestlé-Aktie (ISIN CH0038863350/ WKN A0Q4DC) in der aktuellen Ausgabe von "Vontobel Morning Focus" weiterhin mit "buy" ein.

Nestlé habe den ersten Tag des Investorenseminars 2010 abgehalten. Mehrere Leiter verschiedener Produktkategorien/-segmente hätten eine Präsentation gehalten. Es habe ebenfalls einen Besuch bei der Produktionsstätte von Nespresso gegeben. Das Topthema sei definitiv die Nespresso-Präsentation angesichts des Eintritts von aggressiven Konkurrenten in Frankreich gewesen (worüber in den letzten Wochen viel in der Presse berichtet worden sei).

Die Getränkesparte des Unternehmens trage CHF 36 Mrd. zum Gesamtumsatz bei (von CHF 100 Mrd.) und mache Nestlé zum führenden Getränkehersteller der Welt. Nespresso sollte auch in Zukunft ein Wachstumsmotor bleiben. Dieses Jahr habe Nespresso ein organisches Umsatzwachstum von 25% vorgelegt, ausgehend von CHF 2,8 Mrd. im Jahr 2009. Die Marke werde den Erwartungen zufolge die Anzahl ihrer Boutiquen im Jahr 2010 mit 32 Neueröffnungen in u. a. New York City, Miami, Shanghai auf 223 erhöhen. Man relativiere den Wettbewerbsdruck in Frankreich. Da sich Sara Lee auf ein anderes Konzept stütze, sei die Produktqualität unterschiedlich.

Die Ethical Coffee Company wiederum biete derzeit nur ein Aroma an (gegenüber 17) und verfüge über eine Produktionskapazität von 120 Mio. Kapseln (gegenüber 9 Mrd.). Darüber hinaus vertreibe Nespresso seine Produkte direkt an die Verbraucher, während die Wettbewerber ihre an den Handel absetzen würden. Dort sei Dolce Gusto (org. Wachstum höher als 35% auf CHF 400 Mio. im Jahr 2010) gut etabliert. Nestle habe zwei sehr viel versprechende Systeme im Kaffeesegment entwickelt. Der Hauptschwerpunkt liege auf organischem Wachstum, ohne Übernahmen (insbesondere in den USA).

Wie üblich seien während des jährlichen Investorenseminars keine großen Überraschungen präsentiert worden. Das Management habe jedoch einen detaillierten Einblick in das Getränkegeschäft gegeben. Die Analysten seien der Ansicht, dass Nestlé die Investoren davon habe überzeugen können, dass die Erfolgsgeschichte von Nespresso noch nicht zu Ende geschrieben sei und dass die Konkurrenz noch immer auf relativ tiefem Niveau operiere. Das Unternehmen habe zudem klargestellt, dass es mit dem aktuellen Portfolio im Bereich Schokolade zufrieden sei und sich diesbezüglich vor allem auf die Schwellenmärkte ausrichte. Insgesamt gebe es keinen Grund, die Einschätzungen bezüglich Nestlé zu ändern.

Die Analysten von Vontobel Research belassen ihr "buy"-Rating und Kursziel von CHF 60 für die Nestlé-Aktie. Das P/E 2011E von 16,7 liege leicht über der Peer-Gruppe (16,2). (Analyse vom 22.06.2010) (22.06.2010/ac/a/a)

Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

[R-BgO]

Antwort auf Beitrag Nr.: 39.712.542 von R-BgO am 21.06.10 10:24:48

21.06.2010 12:27
UPDATE 1-Nestle denies Philippine factory move report

JAKARTA, June 21 (Reuters) - The Philippine unit of Nestle , the world's biggest food group, on Monday denied a report it planned to move factories to Indonesia.

Indonesian daily Kontan earlier reported Nestle planned to shift factories in Malaysia and the Philippines to Indonesia to be closer to raw material sources, and cited Nestle's Indonesia spokesman Brata T. Hardjosubroto as saying details of the relocation would be announced in November.

In a statement, Nestle Philippines Inc said it had no plans to move any of its factories in the Philippines to Indonesia.

'In fact, Nestle continues to invest heavily in its manufacturing facilities in the Philippines to upgrade machinery and expand capacities to meet local and foreign demand for its products,' it said.

Nestle has six factories in Malaysia, including one that makes its Milo beverage brand, and four plants in the Philippines, the Kontan report said.

Indonesian Deputy Trade Minister Mahendra Siregar told the paper that Nestle's factory relocation was based on its need to be close to raw material sources.

Indonesian cocoa powder producer PT Bumitangerang Mesindotama President Director Piter Jasman told the paper his firm was in talks with Nestle to supply cocoa for the relocated factories.

Indonesia, Southeast Asia's largest economy, is attracting investor interest for its economic resilience during the financial crisis, improved political stability and abundance of natural resources.

The world's largest listed palm oil firm Wilmar plans to invest $2 billion, including possibly in sugar plantations in a planned food estate in the Papua region, the head of the country's investment board said on Monday.

But the country has lagged neighbours in attracting foreign direct investment because of worries over regulatory uncertainty, rampant graft and inadequate infrastructure.

[R-BgO]

21.06.2010 08:31
Nestle to relocate SE Asia factories to Indonesia-paper


JAKARTA, June 21 (Reuters) - Swiss-based Nestle, the world's biggest food group, is planning to relocate factories in Malaysia and the Philippines to Indonesia to be closer to raw materials, officials told a local newspaper on Monday.

Brata T. Hardjosubroto, spokesman for Nestle's Indonesia unit, told daily business newspaper Kontan that the firm would announce details of the relocation in November.

Nestle has six factories in Malaysia including one making one of its key beverage brands Milo, and four factories in the Philippines, the paper said.

Indonesian Deputy Trade Minister Mahendra Siregar told the paper Nestle's factory relocation was based on its need to be close to raw material sources.

Nestle is in negotiations with Indonesian cocoa powder producer PT Bumitangerang Mesindotama to supply cocoa for the relocated factories, said Bumitangerang Mesindotama's President Director Piter Jasman.

Indonesia, Southeast Asia's largest economy, is attracting investor interest for its economic resilience during the financial crisis, improved political stability and abundance of natural resources.

The world's largest listed palm oil firm Wilmar is planning to invest $2 billion, including possibly in sugar plantations in a planned giant food estate in the Papua region, the head of the country's investment board said on Monday.

But the country has lagged neighbours in attracting foreign direct investment because of worries over regulatory uncertainty, rampant graft and inadequate infrastructure.

[Agio]

Antwort auf Beitrag Nr.: 39.708.606 von Agio am 19.06.10 13:49:59

Link funktioniert nicht:

Pfad: www.nestle.com

Weiter unter: Investors / Corporate Governance / Management / Financial Transaktions

[Agio]

Antwort auf Beitrag Nr.: 39.708.235 von mike_N am 19.06.10 11:18:42

Für Nestle:

http://www.nestle.com/AllAbout/Governance/NestleManagement/F…" target="_blank" rel="nofollow ugc noopener">http://www.nestle.com/AllAbout/Governance/NestleManagement/F…


Gruß Agio

[mike_N]

Weiss jemand, ob und wo man die Insidertransaktionen von Schweizeraktien, im speziellen Nestle, nachlesen kann?

Besten Dank für allfällige Tipps

[McF]

Nestlé "buy"

Zürich (aktiencheck.de AG) - Jean Philippe Bertschy, Analyst von Vontobel Research, stuft die Nestlé-Aktie (ISIN CH0038863350/ WKN A0Q4DC) in der aktuellen Ausgabe von "Vontobel Morning Focus" weiterhin mit "buy" ein.

Nestlé habe heute Morgen angekündigt, dass es zu einem Wert von CHF 10 Mrd. die restlichen Aktien des im August 2007 gestarteten Aktienrückkaufprogramms zurückgekauft habe. Seit dem 13. August 2009 habe Nestlé 203.400.000 seiner Anteile mit einem Gesamtwert von CHF 10 Mrd. zu einem Durchschnittspreis von CHF 49,17 je Aktie zurückgekauft. 185.000 zurückgekaufter Aktien würden später in diesem Monat dem letzten GV-Beschluss entsprechend gelöscht. Daneben habe Nestlé bestätigt, dass das Unternehmen beabsichtige, am 29. Juni 2010 ein neues Aktienrückkaufprogramm mit einem Umfang von CHF 10 Mrd. (im Januar angekündigt) aufzulegen, das voraussichtlich im Jahr 2011 abgeschlossen werden solle.

Das Programm mit einem Volumen von CHF 25 Mrd. sei ein wenig früher abgeschlossen worden als von den Analysten erwartet (Ende Juni). Um den Rückkauf in H2 10 in einer Höhe von CHF 5 Mrd. vorzunehmen, müsse Nestlé ungefähr 830.000 Aktien pro Tag (CHF 44 bis 45 Mio.) zurückkaufen, was 10% des Handelsvolumens im Tagesdurchschnitt entspreche. Angesichts des großen Cashflows von Nestlé (operativ ca. CHF 9 Mrd. und Erlöse von Alcon von CHF 30 Mrd.) werde das Unternehmen nach Erachten der Analysten gegen Ende diesen Jahres oder zu Anfang des kommenden Jahres ein größeres Programm bekannt geben - CHF 15 Mrd. bis 25 Mrd.

Wie viele und wie schnell Nestlé seine Aktien zurückkaufe, sei beeindruckend. Das Unternehmen werde sein jährlich stattfindendes Investors Seminar am 21. und 22. Juni abhalten. Nestlé würden derzeit mit einem leichten Bewertungsaufschlag gegenüber der Vergleichsgruppe zu einem P/E 11E von 16,7 gehandelt.

Die Analysten von Vontobel Research bestätigen ihre "buy"-Empfehlung für die Nestlé-Aktie, das Kursziel von CHF 60 und die Ergebnisprognose für das H1 10 (13. August). (Analyse vom 18.06.2010) (18.06.2010/ac/a/a)

Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

[R-BgO]

18.06.2010 07:30
Hugin-News: Nestlé S.A.

Nestlé S.A. / Nestlé schliesst Aktienrückkaufprogramm in Höhe von CHF 25 Milliarden ab und bestätigt neues Programm in Höhe von CHF 10 Milliarden verarbeitet und übermittelt durch Hugin. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.


Vevey, 18. Juni 2010 - Die Nestlé AG gibt bekannt, dass sie ihr am 24. August 2007 begonnenes Aktienrückkaufprogramm von insgesamt CHF 25 Milliarden mit dem restlichen Aktienrückkauf in der Höhe von CHF 10 Milliarden abgeschlossen hat. Seit dem 13. August 2009 kaufte die Nestlé AG 203'400'000 ihrer Aktien im Gesamtwert von CHF 10 Milliarden zurück, zum durchschnittlichen Kaufpreis von CHF 49,17. Der durchschnittliche Kaufpreis per Aktie für das gesamte Aktienrückkaufprogramm in der Höhe von CHF 25 Milliarden betrug CHF 48,31. 185'000'000 der zurückgekauften Aktien werden noch im Verlauf dieses Monats vernichtet und das Aktienkapital der Nestlé AG wird um CHF 18'500'000 herabgesetzt werden, entsprechend dem Beschluss der diesjährigen Generalversammlung der Aktionäre der Nestlé AG. Wie bereits im Januar 2010 angekündigt, beabsichtigt Nestlé am 29. Juni 2010 ein neues Aktienrückkaufprogramm in der Höhe von CHF 10 Milliarden zu starten, vorbehaltlich der Marktbedingungen und strategischen Möglichkeiten. Die nötigen Anträge wurden bei der zuständigen Schweizer Behörde eingereicht. Nestlé geht

davon aus, im Rahmen dieses neuen Aktienrückkaufprogramms Aktien für rund CHF 5 Milliarden in Aktien in der zweiten Jahreshälfte zurückzukaufen, womit sich der Gesamtbetrag der im Jahr 2010 zurückgekauften Aktien auf CHF 10 Milliarden belaufen wird. Das neue Aktienrückkaufprogramm in der Höhe von CHF 10 Milliarden sollte im Verlauf des Jahres 2011 abgeschlossen werden.

[R-BgO]

Just One Stock: This Food Giant Is a Recipe for Low-Risk Wealth Creation
by: Robert Bingham June 01, 2010 | about: CBY / KFT / NSRGY.PK / NVS / WMT


Several times a week, Seeking Alpha's Jason Aycock asks money managers about their single highest-conviction position - what they would own (or short) if they could choose just one stock or ETF.

Bob Bingham is president and chief investment officer of SKY Investment Group, a Hartford, Conn.-based RIA that manages investment portfolios for individuals, families, businesses and charitable organizations.

If you could only hold one stock position in your portfolio, what would it be?

It would be Nestle (NSRGY.PK), the world’s largest food company.

No equivocation there.

Well, the world is changing in a variety of ways, so where in the past, we would probably have favored a domestic stock, now we favor a global name. It is emblematic of our view that, in the large-cap space, the distinction between foreign and domestic is disappearing. So our world is evolving towards owning “best-in-class” companies, wherever they may be domiciled.

On the food side of the packaged goods industry, Nestle is best in class. And it just happens to be cheap right now relative to other “best-in-class” packaged goods companies. And if you can only hold one stock in your portfolio, we are going to favor a defensive consumer nondurable stock which is globally diversified, generates tons of free cash flow, has a long record of value-added capital allocation, and pays a high and rising dividend. Nestle fits the bill.

Can you tell us a bit more about the company and what it offers?

Nestle has over 100 billion Swiss francs in annual sales. Its revenues are broadly diversified across countries, continents, currencies and product categories.

While many people think of Nestle and its confectionery holdings, their range of products is much more diverse than just candy. The firm has roughly 30 “billion-dollar” brands. And they continue to build this stable of powerhouse brands through periodic “bolt-on” acquisitions like their recent purchase from Kraft (KFT) of Kraft’s frozen pizza business.

NSRGY.PK chartThe firm has a long history of making acquisitions work. They are presently selling Alcon, the world’s leading eye-care company, to Novartis (NVS). They bought Alcon for $280 million in 1977. Sale proceeds should be about $30 billion pretax - enough to allow Nestle to buy back $10 billion in stock and eliminate the dilution to earnings per share from the sale. They also will be able to pay down debt, which will allow them to pursue more bolt-on acquisitions while maintaining their double-A credit rating.

Speaking of acquisitions, Nestle considered a run at derailing Kraft's multibillion-dollar takeover of Cadbury (CBY) - and its purchase of Kraft's pizza business, in fact, helped Kraft address its own dilution concerns. Was passing on Cadbury good or bad for Nestle?

While we will never know how serious Nestle was about competing for Cadbury, we do know that as a competitor, they would have wanted Kraft to pay as full a price as possible for Cadbury. So a sensible tactic would have been to express interest in doing a Cadbury deal to force Kraft to offer more. Of course, by raising the price, Kraft needed to sell an asset to complete the deal and coughed up their pizza business at a terrific price for Nestle. Maybe Kraft figured they'd throw Nestle a bone to encourage them to stay out of the bidding. Whatever happened, the pizza acquisition looks like a winner for Nestle.

How does your choice of Nestle reflect your (or your fund's) investment approach?

At SKY Investment Group, we manage portfolios for growth, but we are very sensitive to valuation. Also, the majority of our accounts are private clients, and they tell us two things over and over: 1) In addition to capital appreciation they want dividend income and dividend growth from their equity investments; and 2) they don’t like a lot of turnover because of the taxes. So Nestle really fits the bill.

They are a financially strong company (they have a double-A credit rating), have best-in-class management, and have the ability to generate consistent mid-to-high single-digit organic sales growth and low double-digit earnings per share and dividend growth over the long term. The dividend yield at today’s price ($43.94 USD, 5/26/10) is north of 3%.

Given that we estimate its current Enterprise Value-to-EBITDA multiple to be roughly 9.27 times (after adjusting for the spinoff of Alcon and Nestle's equity interest in L’Oreal), we think it is a stock to hold for five to 10 years. We like stocks where you can get steady 7-10% earnings growth, a 3-4% dividend yield and an expanding valuation multiple. We think that is a recipe for low-risk wealth creation.

Can you talk about the sector? How much is your selection based on the company's industry, as opposed to a pure bottom-up pick?

We have always been fans of consumer product companies because of their low volatility, defensive business characteristics and relatively simple business models. These are companies you can own for the long term, there isn’t too much technological change, and if management manages the brands well, they can really show good long-term growth of margins, earnings, dividends and stock prices. But in today’s climate, a company like Nestle is especially attractive.

One thing that keeps us up at night is concern about the currencies of all the developed economies given the poor fiscal management of their governments. Nestle has one of the most globally diversified currency streams of any major corporation. They also have pricing power should inflation get out of hand. And with their fortress of a balance sheet, they will survive almost any economic environment. Also, Nestle, with 30% of sales in less developed markets, is among the best positioned consumer product companies to benefit from the rapid growth and rising affluence of the emerging-market consumer.

What about Nestle's competitive environment? How is it positioned with regard to competitors?

In the packaged goods industry, scale matters. Imagine negotiating with Wal-Mart (WMT) if you were a small and insignificant brand. But Wal-Mart needs to do business with Nestle to get access to its leading brands like Gerber, Stouffer's, Purina, Kit Kat, and Nescafe coffee. So in developed markets, they can get new products and line extensions on the shelves.

In developing markets, it is all about having the necessary infrastructure in place to manufacture, distribute and sell your products. So their longstanding presence in emerging markets gives them an ideal platform to grow, too. The firm was founded in Switzerland 140 years ago, so they have had to look globally for growth almost from their inception. This deep experience at competing globally is a huge competitive advantage to succeed in emerging markets.

How does Nestle's valuation compare to its competitors?

A simple analysis suggests that the stock price might be a little rich presently. But remember, with the Alcon sale about to occur, they are going to receive a huge amount of cash. They plan to use that cash to buy back stock and opportunistically do other bolt-on acquisitions.

Adjusting for the Alcon disposition and their 30.5% interest in L’Oreal, we think the stock is selling for around 9.27 times EBITDA. That makes it one of the cheaper stocks in the consumer packaged goods space. Given their financial strength, global position and growing margins, we think they deserve a premium multiple. At the current price, we think the stock is a buy.

Describe current sentiment on the stock. Does your view differ from the consensus?

Sentiment on the stock remains pretty good despite its recent sell-off, so I’d say we are in the consensus. Normally, we don’t like being in the consensus. But for U.S. investors, the rise in the dollar versus the Swiss franc has caused the stock price to fall pretty dramatically, hence our interest. We are using this weakness to accumulate the stock.

How does Nestle management play a role in your selection?

Current senior management has been in place since 1997. When Peter Brabeck-Letmathe took over the role of CEO in 1997, he outlined a strategy of disposing of slower growth units and replacing them with higher-margin, faster-growing lines. He has delivered on this vision despite skepticism by some investors that Nestle overpaid for some of the brands they acquired. In fact, the acquisitions have worked out well, and investors have been well rewarded. We like management, and the valuations of the recent Alcon sale and KFT pizza acquisition suggest management is still committed to moving their vision forward in a disciplined, opportunistic fashion.

What catalysts, near-term or long-term, could move Nestle stock significantly?

Once Europe settles down, we think the stock will return to the mid-50s. Also, remember, the firm plans to buy back a lot of stock after the Alcon disposition. This could provide a good bid to the stock, too.

Longer-term, the market will abandon the post-recession chase of the high-beta names in favor of more defensive, ruler stocks with good growth profiles. We think Nestle will be a destination for cash when that rotation comes.

What could go wrong?

There is always headline risk. Because of their size, Nestle has always been a target of political activists for one reason or another. Right now, they are getting some flak for their water business in Oregon. But this is part of being a big global player. The water business for them in North America is only about 4% of total sales. Water sales in the developing world may in time become a bigger contributor to their bottom line, particularly if they continue their practice of working with local municipalities to deliver goods and services. Managing all these risks is a part of being a global business leader.

Thanks, Bob, for sharing your thesis with us.

[gurkegoe]

sehr schöner Verlauf des Graphen in den letzten 5 Tagen.
bin am überlegen wann ich einsteigen soll..



Stück Geld Kurs Brief Stück
37,31 Aktien im Verkauf 250
37,26 Aktien im Verkauf 500
37,25 Aktien im Verkauf 500
37,215 Aktien im Verkauf 951
37,20 Aktien im Verkauf 300
37,19 Aktien im Verkauf 977
37,165 Aktien im Verkauf 961
37,14 Aktien im Verkauf 1.793
37,095 Aktien im Verkauf 3.500
37,09 Aktien im Verkauf 1.000

Quelle: http://aktienkurs-orderbuch.finanznachrichten.de/NESR.aspx

500 Aktien im Kauf 37,04
2.000 Aktien im Kauf 37,035
3.000 Aktien im Kauf 37,03
981 Aktien im Kauf 37,005
300 Aktien im Kauf 37,00
952 Aktien im Kauf 36,96
300 Aktien im Kauf 36,95
1.489 Aktien im Kauf 36,935
1.008 Aktien im Kauf 36,91
200 Aktien im Kauf 36,90

Summe Aktien im Kauf Verhältnis Summe Aktien im Verkauf
10.730 1:1,00 10.732