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Industry Sectors - Food Producers: First
The Sanford C. Bernstein trio shepherded by Andrew Wood, 46, finishes in first place for a second consecutive year — and for the seventh time in the past eight years; Wood, who is based in New York, also leads the No. 1 team in Household & Personal Care Products.
Andrew Wood & teamSanford C. Bernstein
The buy side says: “Andrew offers insightful perspectives on the biggest issues a company faces.”
The Sanford C. Bernstein trio shepherded by Andrew Wood, 46, finishes in first place for a second consecutive year — and for the seventh time in the past eight years; Wood, who is based in New York, also leads the No. 1 team in Household & Personal Care Products. In February 2010 the analysts reiterated their long-standing buy on Nestlé, at Sf48.19, making the case that the Vevey, Switzerland–based confectioner would overcome inflation and recession headwinds and deliver a strong operating performance. Two months later, the company reported first-quarter sales growth of 6.1 percent, a full percentage point above consensus estimates. By the end of the year, Nestlé’s stock had jumped to Sf54.75, a gain of 13.6 percent that beat the sector by 2.8 percentage points.