First Eagle Investment Comments on Nestle

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Apr 01, 2016

Nestle (OTCPK:NSRGY), the world's largest food company, is based in Switzerland but owns such all-American brands as Gerber, Carnation, Stoutter's and Purina, the Americas account for 44% of its sales; Europe, the Middle East and North Africa for 31%; and Asia, Oceania and Africa for 25%. Nestlé has a large market share in product areas—confec-tionery, infant formula, water—that have been stable businesses for decades. Because of its strong presence in emerging markets, we believe the company may benefit as emerging consumers buy more packaged foods.

Source: Nestlé 2015 Annual Report

The security mentioned above is not to be interpreted as a recom-mendation to buy or sell.

From March Commentary Global Investing: The Benefits of a Broader View.