Nestle's Underwhelming Sales Outlook Puts Pressure on BulckeBy
Stock declines as much as 4.5%, biggest drop in six months
CEO says dividends, M&A outweigh buybacks for uses of cash
Nestle SA forecast 2016 sales will miss the Nescafe maker’s long-term target for a fourth year, increasing pressure on Chief Executive Officer Paul Bulcke to find new areas of growth as he enters the home stretch of his tenure.
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