By Carl Delfeld of the Chartwell ETF Advisor & Chartwell Partners Asset Management
Nestle, the world's largest food company and a constituent of the Chartwell Global 30 index and folio, announced that it is on track to beat sales and profit expectations.
The higher-than-expected sales, continuing productivity improvements and progressive shift into higher-margin businesses is all good news and highlights the strengths of a company like Nestle in a turbulent market. Nestlé's organic growth reached 7.4% last year and margins have been helped by its Gerber baby food business and growth in water. In addition, Nestle has been able to raise prices in key areas to offset higher input prices without a hit to sales volume. A good sign.
The Chartwell Global 30 is a folio of thirty multinational companies with about 50% of them headquartered in the U.S.. Founded in 2005, the Chartwell Global 30 is an alternative to the Dow Jones Industrial Average which it has outperformed on a consistent basis.
Call Chartwell Partners at 1-877-202-4939 for more information about the Chartwell Global 30 and the ten other ETFfolios it uses to build global portfolios.
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