Stock of the week : “Barry Calleabaut”
12. April 2023
The Barry Callebaut Group, headquartered in Zurich, Switzerland, is the world's leading manufacturer of high-quality chocolate and cocoa products, with a fully integrated value chain from the sourcing of raw materials to the production of the finest chocolates. With more than 175 years of chocolate heritage, the group has an unparalleled blend of expertise in cocoa and chocolate. It is a business-to-business company, fully vertically integrated with a strong position in cocoa-origin countries and a unique global footprint. It employs more than 13,000 people in more than 40 countries, it runs more than 65 production facilities across the globe.
There has been a recent change on top management level in the company. Peter Boone has decided to step down from his role as CEO in early April 2023. The new person in charge – Peter Feld – is joining Barry Calleabaut from Jacobs Holding which he was heading up until the change. Mr Feld brings over 30 years of experience in the consumer goods industry building strong international brands.
The half-year results for the fiscal year 2022/23, published early April 2023, show a strong profitability and progressive volume recovery in the second quarter. The updated volume forecast are expected to result in flat to modest volume growth for the Full Year 2022/23 with continued strong operating profitability (EBIT).
Financial social media sentiment tends to be “positive” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.
Analyst consensus is to "buy" the stock - out of the 10 bank analysts covering the company, 7 recommend buying the stock, 3 suggest holding it, and no analyst suggests selling it. The median upside potential of the stock price these analysts expect over the next 6-12 months is currently 18.54%% (reference close of business 12/04/2023).
Attention buzz is currently “average”.
Sources:
Barry Callebaut Ltd | CH0009002962 | 900296 | UMushroom
Peter Feld appointed as CEO at Barry Callebaut (barry-callebaut.com)
Barry Callebaut wechselt per sofort CEO aus | 05.04.23 | finanzen.ch
