date:Aug 07, 2013
ercent so far this year, are currently trading at 17.7 times forward earnings, below Danone and Kraft Foods (KRFT.O) at 18.5, Unilever at 18.8 times and Mondelez (MDLZ.O) at 19.5 times.
Peter Stenz, a fund manager at Swisscanto, said he would buy the stock, which currently trades at 65.30 francs, if it fell below 60 francs. Nestle still generates a lot of cash. There will also be a share buyback at some point.
Because It's Worth It
Another factor weighing on Nestle's share price is uncertaint