Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).
  • TickerBN
  • ISINFR0000120644
  • ExchangeEuronext Paris
  • SectorFood Producers
  • CountryFrance

Analysts

Jean-Christophe Dourret

Danone : Danone - 15 nov 2018

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Jean-Christophe Dourret

Danone : Danone - 15 Nov 2018

...

Matthieu DRIOL

Analyse court terme - DANONE : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 61,63 €. La tendance baissière serait remise en cause au-dessus de 70,08 €.

Matthieu DRIOL

Short term view - DANONE : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €61.63. The bearish trend would be challenged above €70.08.

Matthieu DRIOL

Short term view - DANONE : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €61.63, then €61.00. Passing €70.08 would question the continuation of the fall.

Jean-Christophe Dourret

Danone : Danone - 15 nov 2018

...

Jean-Christophe Dourret

Danone : Danone - 15 Nov 2018

...

Ioannis Pontikis

Morningstar | A Strong Nutrition Franchise and Entrenched Supply Chain Position Support Danone's Narrow Moat

After revisiting our estimates and accounting for Danone’s recent investor day, we are trimming our fair value estimate to EUR 70 per share ($16.30 per ADR) from EUR 71 ($17.50 per ADR), which implies 2019 multiples of 18.6 times earnings, around 12 times enterprise value/EBITDA, a free cash flow yield of 5%, and a dividend yield of 2.6%. These multiples are roughly in line with Danone's trading range over the past decade and slightly below our valuation of most large-cap competitors, due to Danone’s more leveraged balance sheet as well as our expectation that its growth will be slower and les...

Ioannis Pontikis

Morningstar | A Strong Nutrition Franchise and Entrenched Supply Chain Position Support Danone's Narrow Moat. See Updated Analyst Note from 29 Oct 2018

After revisiting our estimates and accounting for Danone’s recent investor day, we are trimming our fair value estimate to EUR 70 per share ($16.30 per ADR) from EUR 71 ($17.50 per ADR), which implies 2019 multiples of 18.6 times earnings, around 12 times enterprise value/EBITDA, a free cash flow yield of 5%, and a dividend yield of 2.6%. These multiples are roughly in line with Danone's trading range over the past decade and slightly below our valuation of most large-cap competitors, due to Danone’s more leveraged balance sheet as well as our expectation that its growth will be slower and les...

Ioannis Pontikis

A Strong Nutrition Franchise and Entrenched Supply Chain Position Support Danone's Narrow Moat

After revisiting our estimates and accounting for Danone’s recent investor day, we are trimming our fair value estimate to EUR 70 per share ($16.30 per ADR) from EUR 71 ($17.50 per ADR), which implies 2019 multiples of 18.6 times earnings, around 12 times enterprise value/EBITDA, a free cash flow yield of 5%, and a dividend yield of 2.6%. These multiples are roughly in line with Danone's trading range over the past decade and slightly below our valuation of most large-cap competitors, due to Dan...

A director sold 40,684 shares at 70.020EUR and

A director at Groupe Danone sold 40,684 shares at 70.020EUR and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Ahmed Ben Salem ...
  • Alex Koagne
  • Antoine Boivin-Champeaux
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/17/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Antoine Boivin-Champeaux
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/10/2018

...

Jean Sassus ...
  • Jerôme Bodin
  • Pierre Tegner
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/16/2018

Although our Q4 asset allocation was undermined by the Italian budget episode, the outcome of which is both unclear and still some way off, our tactical value call provides a welcome consolation prize. But we need to be sure not to rest on our (meagre) laurels. Bringing together the conditions required for a continuation of this trend (cycle, rate hikes) already looks tricky for next year. - ...

Jean Sassus ...
  • Jerôme Bodin
  • Pierre Tegner
  • Steven Gould
  • Sylvain Goyon
  • Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/10/2018

Alors que notre allocation T4 est mise à mal par l’épisode budgétaire italien dont l’issue incertaine est lointaine, le « lot de consolation » que représente notre call tactique en faveur de la value est le bienvenu. Attention toutefois à ne pas s’endormir sur ces (maigres) lauriers. Les conditions d’une continuation de cette tendance (cycle, progression des taux) paraissent déjà bien délicates à réunir l’an prochain. - ...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Jean Sassus
  • Laure Billoret
  • Matthias Desmarais
  • Steven Gould
  • Valentin Pernet
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2018

...

Danone

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Danone

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Danone

Danone

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Proxy Report - 26/04/2018

On October, 18th 2017, Emmanuel Faber, CEO since 2014, became Chairman and CEO. As a counterpower, the company propose to elect Michel Landel as a director in order to entrust him the Lead Independent Director function. Regarding the 2017 remunerations granted and the 2018 remuneration policy, we regret the company's disclosure on some items. However, the LTIO performance conditions do not allow vesting in case of underperformance and we comment the company on that matter. Finally, one of the annual bonus criteria is Danone's commitment towards climate change. We note that Danone is now a si...

Jehanne Leroy

Proxy Report - 26/04/2018

Le 18 octobre 2017, la société a annoncé la réunion des fonctions de Président et de Directeur Général. Emmanuel Faber, Directeur Général depuis 2014, a ainsi été nommé Président Directeur Général à compter du 1 er décembre 2017. "Afin de continuer à garantir l’équilibre des pouvoirs au sein du Conseil d’Administration", la société propose la nomination de Michel Landel, ancien Directeur Général de Sodexo, comme administrateur, en vue de lui confier le poste d'Administrateur Référent indépendant. Concernant les rémunérations 2017 et la politique de rémunération 2018, s'il l'on regrette le man...

Jehanne Leroy

Etude de l'AG du 27/04/2017

ITEM 9: Danone is currently in the process of acquiring Whitewave Foods Company, global leader in organic foods, plant-based milks and related products. Therefore, the election of Mr Engles, Chairman and CEO of Whitewave is proposed. Although his expertise would be welcome, the board does not have a majority of independent members. Hence, we do not support his election.ITEM 13: Although the company indicates that in 2017, the enhanced chairmanship of Mr Riboud will end, and, consequently, his remuneration will be severely revised, no amount is disclosed. Hence, we do not support it.ITEM 14: Th...

Jehanne Leroy

Etude de l'AG du 27/04/2017

Danone a lancé depuis juillet 2016 une opération afin d’acquérir Whitewave Foods Company, leader mondial du Bio, des laits et produits frais d’origine végétale. Il est ainsi proposé de nommer au conseil de Danone Greg Engles, Président Directeur Général de Whitewave. Bien que l'expertise de M. Engles soit la bienvenue au regard de l'acquisition de cette opération, le conseil ne comprendra pas, post-AG, une majorité de membres indépendants ; nous ne soutenons donc pas sa nomination.Concernant les rémunérations de MM. Riboud et Faber, si celle de M. Riboud pour 2016 et 2017 reste bien trop génér...

Matthieu DRIOL

Analyse court terme - DANONE : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 61,63 €. La tendance baissière serait remise en cause au-dessus de 70,08 €.

Matthieu DRIOL

Short term view - DANONE : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €61.63. The bearish trend would be challenged above €70.08.

Matthieu DRIOL

Short term view - DANONE : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €61.63, then €61.00. Passing €70.08 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - DANONE : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 61,63 €, puis 61,00 €. Le franchissement de 70,08 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - DANONE : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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