|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||61.54 - 63.00|
|52 Week Range||50.26 - 82.38|
|Beta (5Y Monthly)||0.62|
|PE Ratio (TTM)||20.96|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||2.10 (3.45%)|
|Ex-Dividend Date||Jul 14, 2020|
|1y Target Est||75.05|
Moody's Investors Service, Inc. ("Moody's") today assigned a Baa1 rating to $1 billion 0.625% senior unsecured notes offered today by Mondelez International, Inc. ("Mondelez"). As of March 31, 2020 Mondelez had $3.7 billion of commercial paper outstanding.
With the support of more than 99% of its shareholders at its Annual General Meeting, Danone became today the first listed company to adopt the “Entreprise à Mission” model. Now officially embedding in its articles of association a purpose and social, societal and environmental objectives that reflect its conviction that the health of people and the preservation of the planet are interdependent, Danone is taking a new step in the pursuit of a model of sustainable value creation for all its stakeholders. Progress towards these objectives will be overseen by an independent Mission Committee of ten members, whose names were announced at the Annual General Meeting; it is comprised of eight highly qualified experts mainly from international organizations (Sharan Burrow, Ngozi Okonjo-Iweala, Pascal Lamy, Rose Marcario, Hiromichi Mizuno, David Nabarro, Gabriela Ilian Ramos, Rajiv Shah) as well as one independent Director (Guido Barilla) and one employee (Emna Lahmer).
Ahead of Friday’s AGM, Emmanuel Faber reveals how the company has been coping with the crisis and adapted to rapidly changing consumer tastes. .
Moody's Investors Service has assigned a Baa1 senior unsecured rating to China Mengniu Dairy Company Limited's (Mengniu) proposed USD bond. "Mengniu's proposed senior unsecured bonds will improve its debt maturity profile and support its funding needs over the next 12-18 months," says Ying Wang, a Moody's Vice President and Senior Analyst.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Danone and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Danone Combined Shareholders’ Meeting is convened on Friday June 26, 2020 at 2:30 p.m. (Paris time), at the headquarters – 17 boulevard Haussmann, 75009 Paris. In the context of the Covid 19 pandemic, this Shareholders’ Meeting will be held exceptionally behind closed doors. The notice of meeting was published in the BALO of June 5, 2020.
Registered Office: 17, boulevard Haussmann, 75009 Paris. (1) The total number of theoretical voting rights (or “gross” voting rights) is used as the basis for calculating the crossing of shareholding thresholds. In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all shares to which voting rights are attached, including shares whose voting rights have been suspended.
Danone announces that it has issued today a €800 million bond with a 9-year maturity and a 0.395% coupon. In line with the company’s active liquidity management, this new issue, following a previous €800 million successful issuance on March 11th, enables Danone to further take advantage of market windows to enhance its funding flexibility, extend the maturity of its debt and optimize its cost. The settlement is expected to take place on June 10, 2020 and the bonds will be listed on Euronext Paris.
The Board of Directors of Danone met yesterday to agree arrangements and proposed resolutions for the 2020 AGM, which will be held on 26th June 2020 in closed session, given the context of COVID-19 pandemic. The Board reaffirmed under these circumstances the strong commitment of Danone to the sustainable shared value creation model that has driven its vision of business since it established its dual economic and social project for the first time in 1972.
Three years after the acquisition of WhiteWave, Danone is moving into a new chapter for its Essential Dairy and Plant-Based (EDP) business to capture greater growth and value. In addition, innovation capabilities were upscaled, and importantly, the $300m run-rate synergies plan at the core of WhiteWave’s acquisition was delivered. EDP North America is Danone’s largest business and the biggest B CorpTM in the world.
Moody's Investors Service, ("Moody's") today assigned a Baa1 rating to $750 million of five-year senior unsecured notes to be issued by Mondelez International, Inc. ("Mondelez") as part of a $1.5 billion senior unsecured notes offering today, including a $750 million add-on to existing notes. Net proceeds from today's $1.5 billion offering of five-year and ten-year notes will be used for general corporate purposes, including to repay $1 billion outstanding under the $2.5 billion 365-day revolving credit facility established on March 6, 2020 and to repay a portion of approximately $3.7 billion of commercial paper outstanding as of March 31, 2020. The $750 million ten-year unsecured notes will be an add-on to the existing 2.750% notes due 2030 that were issued on April 13, 2020 and rated Baa1.
The world’s largest yogurt maker withdrew its 2020 financial forecasts as CEO Emmanuel Faber warned that second-quarter demand and supply would be “broadly and deeply impacted by the global lockdown.” At the same time, Danone predicted additional pressure on costs as it seeks to keep workers safe and ensure business continuity. Stockpiling and more at-home consumption in Europe and the U.S. in March, as governments around the world imposed lockdown measures, helped like-for-like sales grow 3.7%, Danone added.
In an effort to limit its immediate impact on the health of people, governments took lockdown actions that translated into waves of temporary freezes of both supply and demand in the economic equation. With the immediate and significant effects on demand shift, our quarterly sales grew +3.7% on a like-for-like basis, stronger than we had anticipated, with a China downside offset by pantry loading upside in Europe and North America in March, and categories performance offsetting each other. Q2 demand and supply conditions will be broadly and deeply impacted by a global lockdown.
European politicians, CEOs, lawmakers and activists called on Tuesday for green investment to restart growth after the coronavirus pandemic, saying fighting climate change and promoting biodiversity would rebuild stronger economies. Europe is headed for a steep recession triggered by the global outbreak as it has gone into a virtual lockdown from mid-March, shutting down most travel, businesses and educational institutions to curb the spread of the novel coronavirus. As some EU countries move to ease the restrictions starting this week, the bloc is divided on how to finance economic recovery, with the ailing south advocating issuing joint debt against the opposition of the fiscally conservative north.
Analyzing Danone S.A.'s (ENXTPA:BN) track record of past performance is a valuable exercise for investors. It enables...
Given the exceptional circumstances created by the Covid-19 outbreak that led French government to take strict lockdown measures, the Board of Directors of Danone which met today has decided to postpone the Annual General Meeting initially convened for Tuesday April 28, 2020 to a later date. The Board of Directors will communicate later the new arrangements for the General Meeting, which shall in any event take place before June 30, 2020. Dedicated to bringing health through food to as many people as possible, Danone is a leading global food & beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based, Waters and Specialized Nutrition.
Moody's Investors Service says that China Mengniu Dairy Company Limited's 2019 results support its Baa1 issuer and senior unsecured bond ratings, and the stable rating outlook. "Mengniu's steady revenue growth, stable profitability and increased cash buffer support its credit profile," says Ying Wang, a Moody's Vice President and Senior Analyst. Liquid milk accounted for 85.9% of Mengniu's 2019 revenue, while the milk powder and ice cream segments combined contributed to 13.2%.
Press Release – Paris, March 19, 2020 Danone publishes its 2019 Universal Registration Document Danone filed its 2019 Universal Registration Document with the.
Press Release – Paris, March 11, 2020 Danone launches a successful €800 million bond issue As part of its permanent focus on optimizing its.
Today we'll look at Danone S.A. (EPA:BN) and reflect on its potential as an investment. In particular, we'll consider...
Aimed at bringing healthy hydration and safe drinking water to people around the world in the most responsible way, ‘WeActForWater’ is a set of urgent actions, ambitious objectives, and new investments.
Press Release – Paris, March 3, 2020 Notification of availability of Danone’s 2019 consolidated financial statements and statutory auditors’.