Nestlé S.A.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a NSRGY research report →
Range $85 – $85
Price Chart
About the company
Nestlé S. A. operates as a leading global food and beverage conglomerate, along with its various subsidiary entities.
- CEO
- Philipp Navratil
- IPO
- 1996
- Employees
- 271,000
- HQ
- Vevey, VD, CH
Get TickerSpark's AI analysis on NSRGY
Create an account to generate AI analysis on any ticker — technical setup, analyst consensus, earnings watch, insider pulse, financial health, and peer context. Ready in about a minute.
Get Pro Access →Already have an account? Log in
Similar companies
Peers in the same neighborhood.
- Market Cap
- $236.98B
- P/E
- 26.37
- Fwd P/E
- 21.34
- PEG
- -0.95
- P/S
- 2.22
- P/B
- 6.71
- EV/EBITDA
- 15.36
- Div Yield
- 4.07%
- Gross Margin
- 45.45%
- Op Margin
- 15.83%
- Net Margin
- 8.42%
- ROE
- 23.98%
- ROIC
- 10.85%
Latest fiscal year · YoY change
- Revenue
- $85.47B-6.8%
- Gross Profit
- $38.96B-9.5%
- Op Income
- $13.63B
- Net Income
- $8.63B-20.7%
- EPS
- $3.36-19.8%
- OCF Growth
- -8.9%
- FCF Growth
- +1.4%
- 52W High
- $109.59
- 52W Low
- $89.50
- 50D MA
- $96.37
- 200D MA
- $99.01
- Beta
- 0.48
- RSI (14)
- 36
- Avg Volume
- 386.24K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Nestlé said H1 2026 showed improving execution, broad-based growth, and stronger cash generation, and it tightened full-year organic growth guidance while keeping margin and cash targets unchanged.· July 23, 2026
- H1 organic sales growth was 3.6%, with RIG of 1.5% and pricing of 2.1%; Q2 RIG improved to 1.8% from 1.2% in Q1.
- UTOP margin was 16.4% in H1, down 10 bps year over year, but management expects H2 margin to be broadly similar to H1 and full-year margin to improve versus 2025.
- Free cash flow was CHF 3.4 billion and net debt fell to CHF 56.3 billion from CHF 60 billion a year ago.
- Cost savings were CHF 600 million in H1, bringing cumulative savings to CHF 1.7 billion, slightly ahead of plan.
- The portfolio is being sharpened through divestments and the Waters/Premium Beverages partnership, while marketing spend has risen to 8.9% of sales and is being shifted toward growth platforms.
Nestlé reported H1 2026 organic sales growth of 3.6%, with RIG of 1.5% and pricing of 2.1%. Q1 RIG was 1.2% and Q2 RIG was 1.8%; Q2 all-category RIG was positive. UTOP margin was 16.4% in H1, down 10 bps year over year, and underlying EPS rose 4% in constant currency but fell 2.4% at actual exchange rates due to the Swiss franc. Free cash flow was CHF 3.4 billion, net debt was CHF 56.3 billion, and H1 cost savings were CHF 600 million, bringing cumulative savings to CHF 1.7 billion. For 2026, management tightened organic growth guidance to 3% to 4% (from around 3% to 4%), kept the full-year UTOP margin outlook for improvement versus 2025, expects H2 margin to be broadly similar to H1, and continues to expect free cash flow above CHF 9 billion.
Philipp Navratil emphasized that execution is improving and that growth is being driven by better RIG across the business. He framed the strategy around a sharpened portfolio, with a focus on four large categories and a more deliberate allocation of resources to core versus growth platforms, while also highlighting a cultural shift toward faster decisions and a stronger performance culture. His tone was upbeat but disciplined: the company is making progress, but he repeatedly said the main task is consistent execution quarter after quarter.
Anna Manz said H1 results benefited from improving RIG, cost savings slightly ahead of plan, and stronger cash generation, despite headwinds from higher input costs, tariffs, FX, and the infant formula recall. She noted H1 UTOP margin of 16.4%, H1 free cash flow of CHF 3.4 billion, net debt of CHF 56.3 billion, and CHF 600 million of incremental savings in the half, with cumulative savings at CHF 1.7 billion toward CHF 2 billion by end-2026 and CHF 3 billion by end-2027. She also said marketing spend rose to 8.9% of sales, H2 margin should be broadly similar to H1, and the company still expects free cash flow above CHF 9 billion for the year.
Analysts focused on PetCare destocking, whether North American inventory reductions would continue, and how to think about H2/H2027 margin progression. Management said U.S. PetCare weakness was driven by one-off retailer inventory reductions as supply normalized, and that underlying sell-out is improving; they do not expect further major inventory issues. Questions also centered on coffee pricing and Nespresso, where management said pricing is staggered rather than late, there was no Q1 prebuy, and Nespresso growth is still being driven mainly by Vertuo and household penetration in North America. Analysts also pressed on AOA strength, European delistings, and the margin bridge; management said the Europe delisting was a phasing issue in a single customer and that the margin bridge included multiple items beyond infant formula, with a 30 bps pension benefit that had no ongoing P&L impact.
The call showed improving momentum in RIG, with Q2 better than Q1 and all categories positive on RIG in the quarter. Management sounded confident that cost savings, selective pricing, and stronger execution can keep margins improving while preserving the full-year outlook, and it pointed to a solid cash flow and lower net debt position. The company also highlighted strong performance in emerging markets and signs that China has stabilized.
Management acknowledged that some businesses are still below target, especially PetCare in the U.S., core growth overall, and Nespresso’s softer consumption in Q2. Europe remains pressured by reduced pricing in coffee, infant formula-related impacts, and temporary customer delistings, while North America still faces retailer inventory noise and tariff pressure. Management also said H2 will face tougher comps in some areas and higher transportation and energy costs tied to Middle East tensions.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.9%
- Shares Outstanding
- 2.57B
- Float Shares
- 2.57B
of shares held by institutions
121 13F filers
Congressional trading
Senate and House stock disclosures for NSRGY, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Thomas Hawley TubervilleSenate · AL | Sell | Oct 29, 24 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Jun 1, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | May 5, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | May 14, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Jan 26, 26 | Filing → |
| Sheri BiggsHouse · SC03 | Sell | Mar 19, 25 | Filing → |
| Ritchie TorresHouse · NY15 | Buy | Sep 26, 24 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Apr 9, 25 | Filing → |
| Bruce WestermanHouse · AR04 | Sell | Apr 21, 25 | Filing → |
| Bruce WestermanHouse · AR04 | Buy | Mar 20, 25 | Filing → |
| Bruce WestermanHouse · AR04 | Buy | Mar 3, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Jan 16, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Dec 16, 24 | Filing → |
| Marjorie Taylor GreeneHouse · GA14 | Buy | Nov 25, 24 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Gardner Russo & Quinn LLC | 5.31M | ▼ 166.82K |
| Douglas Lane & Associates, LLC | 1.00M | ▼ 86 |
| Bristol John W & Co Inc | 990.56K | ▼ 7.86K |
| First Manhattan Co. LLC. | 528.19K | ▼ 65.23K |
| Douglass Winthrop Advisors, LLC | 492.59K | ▼ 361.67K |
| Altrius Capital Management Inc | 97.57K | ▲ 3.17K |
| Moran Wealth Management, LLC | 83.48K | ▲ 83.48K |
| Hantz Financial Services, Inc. | 78.23K | ▼ 6.99K |
| Saybrook Capital /Nc | 76.80K | ▼ 100 |
| Rhumbline Advisers | 74.37K | ▲ 5.86K |
| Beddow Capital Management Inc | 73.39K | ▼ 340 |
| Spinnaker Trust | 60.59K | ▼ 1.22K |
Held by 40 ETFs
Biggest fund positions in NSRGY by dollar value.
Our NSRGY coverage
Recent articles, reports, and earnings notes.
No research on NSRGY yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate NSRGY report →Nestlé's CEO says this is the most important skill for workers in the AI era
businessinsider.com · Oct 8
Nestle shoots to score younger generation with NBA deal
reuters.com · Oct 7
Nestlé's CEO says these 3 qualities will get you promoted
businessinsider.com · Oct 1
Nestle Russia pledges to continue operations despite Kremlin transfer of assets
reuters.com · Sep 21
Explainer: What we know about Russia's move to take control of Nestle, Auchan assets
reuters.com · Sep 18
Russia Grabs Nestle Assets, Trump Holding Off on China Tariffs
youtube.com · Sep 18
Nestle Weighs Options for Russia Unit After Moscow Seizes Control
wsj.com · Sep 18
Nestle responds to Putin's decision to put its Russian business under external administration
reuters.com · Sep 18
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.