|Bid||79.22 x 0|
|Ask||79.34 x 0|
|Day's Range||78.80 - 78.80|
|52 Week Range||59.95 - 81.90|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||23.59|
|Forward Dividend & Yield||1.94 (2.46%)|
|1y Target Est||N/A|
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.
Moody's Investors Service, Inc. ("Moody's") today assigned A3 ratings to $1 billion of senior unsecured 144A notes offered by Mondelez International Holdings Netherlands BV ("MIHN"), an intermediate holding company wholly owned by Mondelez International, Inc. ("Mondelez", Baa1). Net proceeds from the notes offering will be used primarily to partially fund upcoming maturities of existing MIHN debt instruments.
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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
European shares eased from eight-month highs on Wednesday, weighed down by healthcare and mining stocks while investors looked past better-than-expected first-quarter economic growth in China. China's economy unexpectedly steadied in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. "The reaction in equity markets was muted after the data release, probably because much of the positivity has already been priced in," said Hussein Sayed, chief market strategist at FXTM.
French food group Danone shrugged off a slow start to the year on Wednesday, saying it expected sales growth to accelerate after setbacks in China and Morocco. The world's biggest yoghurt maker said it was confident of delivering its financial targets for 2019 and 2020, even after first-quarter sales were hit by weaker demand for infant formula products in China and a consumer boycott in Morocco. Danone said underlying sales in the first three months of the year rose 0.8 percent to 6.14 billion euros (£5.32 billion), down from 2.4 percent growth in the fourth quarter of 2018.
Shares in Danone rose on Friday as investors welcomed the French food group's deal to sell its loss-making U.S. organic salad business Earthbound Farm. Financial terms were not disclosed for the sale of the business, which generated revenue of about $400 million (£306.2 million) last year. Credit Suisse said Earthbound Farm had been a drag on Danone's top line growth and profits, since it was acquired as part of Danone's earlier purchase of U.S. organic food group WhiteWave.
French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms. Financial terms of the ...
Eclipse Foods may be the company that finally takes milk out of the dairy business. Ever since the acquisition of WhiteWave Foods by the French dairy giant Danone for over $10 billion investors have been thirsting for a technology that would give consumers a better tasting, more milky (for lack of a better word), milk substitute than the highly valuable (but not very tasty) almond, soy, and other plant based dairy alternatives. Founded by two veterans of the alternative sugars and proteins business, the company is going after the whole dairy industry, starting with a line of spreads and select additives for restaurants around San Francisco.
Feb 28 (Reuters) - Yashili International Holdings Ltd : * YASHILI INTERNATIONAL HOLDINGS LTD - YASHILI NEW ZEALAND ENTERED INTO A SUPPLY AGREEMENT WITH PURCHASERS DAPH, DANONE ELN AND AFFILIA Source text ...
Thanks to the poor performances of Kraft Heinz Co. and Anheuser-Busch InBev SA, investors’ appetites are also changing: from a demand for fatter profits, even if sales growth is sluggish, to a strategy that better balances the top and bottom lines, and is backed by a solid balance sheet, not one loaded with debt. Kraft Heinz’s ugly earnings report on Thursday, its $15 billion write-down on some of its best known brands and an accounting subpoena look like the final nail in the margin-chasing coffin. The likes of Unilever Plc and Nestle SA should take note.
Food group Danone struck a confident note on prospects for 2019 after strong fourth-quarter sales, although some disappointment over margins weighed on the company's shares. Danone, which bought U.S. organic food group WhiteWave in 2017, delivered higher 2018 earnings and stronger-than-expected fourth quarter sales despite a consumer boycott in Morocco and weaker demand for infant formula products in China. Danone, the world's largest yoghurt maker, also stabilised its Activia yoghurt brand in Europe in the final quarter of 2018, reversing years of decline.
French retailer Carrefour is joining up with other with food companies including Danone to launch "MiiMOSA Transition", a crowdfunding project to help farmers switch to organic farming, in response to rising consumer demand for socially responsible practices. Food groups Herta as well as French food co-operatives d'Aucy and Les Paysans de Rougeline are also part of the project that will help producers upgrade their farming, livestock rearing and crop-growing practices. Carrefour, Europe's largest food retailer, has increased its focus on organic food, under a global five-year plan to boost sales and profits.
Jan 18 (Reuters) - Yashili International Holdings Ltd : * YASHILI INTERNATIONAL HOLDINGS LTD - UNIT ENTERED INTO SUPPLY AGREEMENT WITH DAPH AND DANONE ELN * YASHILI INTERNATIONAL HOLDINGS - YASHILI NEW ...