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Nestle (PINK:NSRGY) Builds Momentum in China, $0.45 at a Time

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The government-mandated increase in China's minimum wage means a lot more people should be able to afford Nestle's low-cost consumer products.

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Nestle closed at $63.78 on September 20. My 12-month target price is just $69 a share, for price appreciation of 8.2%. Add in the current 3.3% dividend, and the total return is just 11.5%.

That's wouldn't be enough for me in many markets and economies, but I think it is a very solid potential return for 2013 from the conservative end of a portfolio. I'll be adding shares of Nestle to my Jubak's Picks portfolio today, September 21, with a target price of $69 a share.


Editor's Note: This article was written by Jim Jubak of MoneyShow.

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Twitter: @TopProsTopPicks
No positions in stocks mentioned.
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