DANOY - Danone S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
+0.16 (+0.99%)
At close: 3:59PM EST
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Previous Close16.24
Bid0.00 x 0
Ask0.00 x 0
Day's Range16.38 - 16.46
52 Week Range13.57 - 18.20
Avg. Volume535,466
Market Cap53.171B
Beta (3Y Monthly)0.58
PE Ratio (TTM)16.76
EPS (TTM)0.98
Earnings DateN/A
Forward Dividend & Yield0.43 (2.68%)
Ex-Dividend Date2019-05-03
1y Target Est52.32
  • GlobeNewswire

    Danone: Information on the total number of voting rights and shares

    DANONE Société anonyme à Conseil d’Administration au capital de 171 530 201,50€. Siège social : 17, boulevard Haussmann, 75009 Paris. 552 032 534 R.C.S. Paris. Informations.

  • Is Danone S.A. (EPA:BN) A High Quality Stock To Own?
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  • Should Danone (EPA:BN) Be Disappointed With Their 36% Profit?
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  • Danone (EPA:BN) Has A Pretty Healthy Balance Sheet
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  • Reuters

    UPDATE 2-European stocks subdued by mixed corporate earnings and Brexit

    Mixed earnings reports kept a lid on European stocks, with London's midcap index suffering from doubts over whether British lawmakers will back the government's Brexit bill on Tuesday. The pan-European STOXX 600 finished up just 0.1%, with a weaker pound helping London's exporter-laden FTSE 100 outperform with a 0.7% gain. The FTSE 100 was also lifted by a 24% jump in food delivery firm Just Eat after Dutch internet conglomerate Prosus made an unsolicited $6.3 billion cash bid.

  • Market Exclusive

    Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils

    The Lowdown on The Brexit Deal It’s going to be a weekend of fireworks galore in the United Kingdom, possibly one of the most interesting times in the country’s history since World War II. Except this time nobody is going to get bombed and killed, so that’s definitely a plus. SEE: Canopy Rivers Gets Approval […]The post Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils appeared first on Market Exclusive.

  • Reuters

    UPDATE 2-String of weak earnings leave European stocks barely up on the week

    Gloomy earnings reports from French carmaker Renault and food group Danone drove European shares lower on Friday, rounding off a tumultuous week that left investors waiting anxiously for the next twist in the Brexit saga. The pan-European STOXX 600 index finished 0.3% lower and Paris-listed shares lagged the most with a 0.65% decline, hit by weak quarterly results. Renault dropped 11.5% to become the biggest decliner on the STOXX 600, after the company cut its full-year revenue and profit forecast, the latest to suffer in an auto market downturn.

  • MarketWatch

    Danone posts higher sales, but cuts full-year guidance

    Despite its sales growth accelerating compared with the previous quarter, some of the headwinds Danone had flagged during second-quarter reporting didn’t ease in the third quarter, management said.

  • GlobeNewswire

    Danone: Continued growth accelation

    2019 Third-Quarter SalesPress release – Paris, October 18, 2019 Continued growth acceleration   Consolidated sales up by +3.7% on a reported basis to €6,418m in third.

  • Reuters

    INSIGHT-Plastic bottles vs aluminium cans: who'll win the global water fight?

    Global bottled water giants are ramping up trials of easily recyclable aluminium cans to replace plastic that pollutes the world's seas. Aluminium cans might indeed mean less ocean waste, but they come with their own eco-price: the production of each can pumps about twice as much carbon into the atmosphere as each plastic bottle. French group Danone has become the latest company to make a move, telling Reuters it had started to replace some plastic bottles with aluminium cans for local water brands in Britain, Poland and Denmark.

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  • Should Danone S.A.'s (EPA:BN) Recent Earnings Decline Worry You?
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  • Reuters

    UPDATE 3-Teenager Thunberg angrily tells U.N. climate summit 'you have stolen my dreams'

    The Swedish campaigner's brief address electrified the start of a summit aimed at mobilising government and business to break international paralysis over carbon emissions, which hit record highs last year despite decades of warnings from scientists. How dare you?" said Thunberg, 16, her voice quavering with emotion. Inspired by Thunberg's solitary weekly protest outside the Swedish parliament a year ago, millions of young people poured onto the streets around the globe last Friday to demand governments attending the summit take emergency action.

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  • Moody's

    Mondelez International Hldgs Netherlands BV -- Moody's assigns A3 to Mondelez's MIHN subsidiary Euro notes

    Moody's Investors Service ("Moody's") today assigned A3 ratings to €500 million of 0.875% senior unsecured Rule 144A notes due 2031 being offered by Mondelez International Holdings Netherlands BV ("MIHN"), an intermediate holding company wholly owned by Mondelez International, Inc. ("Mondelez", Baa1). The new MIHN notes will be guaranteed by Mondelez. Ratings of Mondelez, including its Baa1 senior unsecured and Prime-2 commercial paper ratings are unaffected.

  • Is There An Opportunity With Danone S.A.'s (EPA:BN) 23% Undervaluation?
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  • Success in China Is All About Having the Right Formula

    Success in China Is All About Having the Right Formula

    (Bloomberg Opinion) -- Selling infant formula to China seems so 2016.The country abandoned its one-child policy three years ago, spurring expectations of a baby boom. These have been well and truly dashed. Fertility rates remain stuck around the levels they’ve been at for two decades, and the 15 million children born in 2018 was the lowest figure since 1961. Roughly five Indians are born each year for every three Chinese.So what’s the country’s second-biggest milk producer China Mengniu Dairy Co. doing paying an Amazon.com Inc. valuation for milk-powder producer Bellamy’s Australia Ltd.? The answer tells you a lot about the changing prospects for the Chinese consumer.Bellamy’s, which makes organic milk and infant foods and first sold shares to the public as recently as 2014. Mengniu’s cash offer, which Bellamy’s board has recommended, is a 59% premium to the last pre-deal closing price and values the company at A$1.5 billion ($1 billion), about 30 times its Ebitda in the last fiscal year (Amazon gets just 27 times).Formula producers such as Bellamy’s, Nestle SA, and Danone SA have gone through a rough patch in China recently, driven by the slowing birth rate and a general softening in consumer spending.China’s retail sales grew just 7.5% from a year earlier in August, the National Bureau of Statistics reported Monday, the second-slowest pace since the SARS epidemic in 2003. Fixed-asset investment in food processing plants year-to-date slumped 9.4% from a year earlier, suggesting companies see dismal prospects for growth.So what’s so special about Bellamy’s? For one thing, it still benefits from the long shadow of China’s 2008 tainted-milk scandal, when products including those made by Mengniu, its majority-controlled affiliate Yashili International Holdings Ltd., and arch-rival Inner Mongolia Yili Industrial Group Co. were found to have contained the toxic chemical melamine.That’s made foreign-branded infant formula such a hot commodity in China that Australian retailers have had to implement maximum-purchase rules to stop the booming buy-overseas, post-back-home trade from clearing their shelves.That’s not enough on its own, though, given the general headwinds. After all, Mengniu tried to capitalize on this trend back in 2015 when Yashili invested 1 billion yuan ($141 million) in a New Zealand factory. The mid- to high-end image of the Kieember and Kieevagour brands produced there clearly haven’t been a Bellamy’s-level success.Yashili announced plans to sell a 49% stake in the New Zealand business to Danone for the equivalent of about $201 million last December, but the sale was canceled last month amid unsuccessful attempts to strike a broader agreement between the two companies. While the valuation uplift was clearly a positive, it’s notable that neither side was desperate to gain or retain control of the asset without getting something else in return.What makes Bellamy’s different is that it eschews the mid-range altogether. Its cans of formula sell on Alibaba Group Holding Ltd.’s Tmall marketplace for 50% more than shoppers pay in Australia, where the organic branding means it’s already a premium line. It’s not so much a bet on China’s baby boom, as on growing wealth disparities and rising affluence in a country that already accounts for a third of the world’s luxury spendingEven in that context, Mengniu will struggle to make a good return on its investment. The company plans to invest to increase capacity and drive sales, Chief Executive Officer Minfang Lu said in a statement. That’s easier said than done, given that it takes three years to convert dairy farms to organic production. Australia is a relatively small organic milk producer, with output of about 50 million liters in 2017 compared with 880 million liters in China, according to KPMG.Mengniu will need to be confident this brand can hold its own against Yili, Nestle and Danone at the top end of a fiercely competitive Chinese market. Three-quarters of its revenue at present comes from sales in Australia. While Bellamy’s is often treated as a play on Chinese demand, it’s not there yet.Shareholders in the target would do well to sell into this offer. Those in Mengniu should hope they don’t end up crying over spilled milk.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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