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

Pierre Tegner

ODDO : Have consumer staples become too expensive?

The 12-mth forward P/E for the Food Beverage HPC (24x) sector gives the impression it is expensive. Objectively, the sector is no more expensive than it was before. Above all, there is a major change in the hierarchy with a beverage and luxury effect. Favouring Danone (TP € 88 vs € 81) for its discount and Nestlé (TP CHF 110 vs CHF 100) for its defensive side at a reasonable price remains pertinent. - >“I don’t care about valuation” - Historically, investors have paid ...

Pierre Tegner

ODDO : Les consumer staples sont-ils devenus trop chers ?

Le PE 12m fwd du Food Beverage HPC (24x) suscite un sentiment de cherté. Objectivement, le secteur n’est pas bien plus cher qu’avant. Il y a surtout un bouleversement de la hiérarchie avec un effet Beverage … Luxe. Privilégier Danone (OC 88 € vs 81 €) pour sa décote et Nestlé (OC 110 CHF vs 100 CHF) pour son profil défensif à prix raisonnable reste pertinent. - >« I don’t care about valuation” - Historiquement, les investisseurs se préoccupent peu de la valorisation d...

Pierre Tegner

ODDO : Have consumer staples become too expensive?

The 12-mth forward P/E for the Food Beverage HPC (24x) sector gives the impression it is expensive. Objectively, the sector is no more expensive than it was before. Above all, there is a major change in the hierarchy with a beverage and luxury effect. Favouring Danone (TP € 88 vs € 81) for its discount and Nestlé (TP CHF 110 vs CHF 100) for its defensive side at a reasonable price remains pertinent. - >“I don’t care about valuation” - Historically, investors have paid ...

Pierre Tegner

ODDO : Les consumer staples sont-ils devenus trop chers ?

Le PE 12m fwd du Food Beverage HPC (24x) suscite un sentiment de cherté. Objectivement, le secteur n’est pas bien plus cher qu’avant. Il y a surtout un bouleversement de la hiérarchie avec un effet Beverage … Luxe. Privilégier Danone (OC 88 € vs 81 €) pour sa décote et Nestlé ( OC 110 CHF vs 100 CHF) pour son profil défensif à prix raisonnable reste pertinent. - >« I don’t care about valuation” - Historiquement, les investisseurs se préoccupent peu de la valorisation ...

Pierre Tegner

ODDO : Have consumer staples become too expensive?

The 12-mth forward P/E for the Food Beverage HPC (24x) sector gives the impression it is expensive. Objectively, the sector is no more expensive than it was before. Above all, there is a major change in the hierarchy with a beverage and luxury effect. Favouring Danone (TP € 88 vs € 81) for its discount and Nestlé (TP CHF 110 vs CHF 100) for its defensive side at a reasonable price remains pertinent. - >“I don’t care about valuation” - Historically, investors have paid ...

Pierre Tegner

ODDO : Les consumer staples sont-ils devenus trop chers ?

Le PE 12m fwd du Food Beverage HPC (24x) suscite un sentiment de cherté. Objectivement, le secteur n’est pas bien plus cher qu’avant. Il y a surtout un bouleversement de la hiérarchie avec un effet Beverage … Luxe. Privilégier Danone (OC 88 € vs 81 €) pour sa décote et Nestlé (OC 110 CHF vs 100 CHF) pour son profil défensif à prix raisonnable reste pertinent. - >« I don’t care about valuation” - Historiquement, les investisseurs se préoccupent peu de la valorisation d...

Pierre Tegner

ODDO : Have consumer staples become too expensive?

The 12-mth forward P/E for the Food Beverage HPC (24x) sector gives the impression it is expensive. Objectively, the sector is no more expensive than it was before. Above all, there is a major change in the hierarchy with a beverage and luxury effect. Favouring Danone (TP € 88 vs € 81) for its discount and Nestlé (TP CHF 110 vs CHF 100) for its defensive side at a reasonable price remains pertinent. - >“I don’t care about valuation” - Historically, investors have paid ...

Pierre Tegner

ODDO : Les consumer staples sont-ils devenus trop chers ?

Le PE 12m fwd du Food Beverage HPC (24x) suscite un sentiment de cherté. Objectivement, le secteur n’est pas bien plus cher qu’avant. Il y a surtout un bouleversement de la hiérarchie avec un effet Beverage … Luxe. Privilégier Danone (OC 88 € vs 81 €) pour sa décote et Nestlé ( OC 110 CHF vs 100 CHF) pour son profil défensif à prix raisonnable reste pertinent. - >« I don’t care about valuation” - Historiquement, les investisseurs se préoccupent peu de la valorisation ...

Virginie Roumage

DANONE: A better quarter, but no great excitement | NEUTRAL | EUR70 (-6%)

DANONE - NEUTRAL | EUR70 (-6%) A better quarter, but no great excitement EDP: light at end of the tunnel in Morocco Specialized Nutrition: Chinese babies: MIA Waters: no sunrise Growth and margin increase to be skewed towards H2

1 director sold

A director at Groupe Danone sold 36,334 shares at 67.451EUR and the significance rating of the trade was 75/100. 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 board ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Martial Descoutures
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/17/2019

The M&A option that KBC is considering in Hungary is, in our view, illuminating as regards the M&A/dividend possibilities offered by a portion of the capital. Our estimates show that this scenario is of limited benefit to the shareholder and bear out our Neutral recommendation on the stock (unchanged target price of € 75.0). Cf. report published today. - ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Martial Descoutures
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/04/2019

La piste M&A envisagée par KBC en Hongrie apporte selon nous un éclairage intéressant sur l’optionalité M&A/dividende sur une partie du capital. Nos estimations en démontrent in fine les limites de son intérêt pour l’actionnaire et nous confortent dans notre opinion Neutre sur le titre (OC inchangé à 75.0 €). Cf. étude publiée ce jour. - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/12/2019

US Congress is currently discussing how best to continue securing, or even raising, funding for the country's infrastructure. Increasing the federal tax on fuel is one of the few options to receive cross-party support. This tax has not been hiked since 1993, but mindsets are changing with 39 states having already ramped up the local component of this levy in recent years. CRH and HeidelbergCement would be the main beneficiaries. - - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/04/2019

Des discussions au Congrès américain sont actuellement en cours en vue de boucler, voire même d’augmenter, le financement des infrastructures. L’idée d’une hausse de la taxe fédérale sur les carburants reste l’un des rares projets avec un soutien bipartisan. Cette taxe n’a pas été augmentée depuis 1993 mais les mentalités américaines évoluent : 39 Etats ont déjà augmenté la composante locale de cette taxe ces dernières années. CRH et HeidelbergCement seraient les grands gagnants. - - ...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

...

DANONE reduced its risk exposure resulting in an upgrade to Positive

DANONE (FR), a company active in the Food Products industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date May 10, 2019, the closing price was EUR 69.82 and its potential was estimated at EUR 74.76.

Danone

Danone

Danone

Danone

MarketLine Department

Glanbia plc - Strategy, SWOT and Corporate Finance Report

Summary Glanbia plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Glanbia Plc (Glanbia) is a dietary supplement company that is involved in manufacturing of cheese, dairy and non-dairy nutritional ingredients. Its product includes protein powders, protein bars, beverages, cheese, dairy and non-diary nutritional ingredients, vitamins, mineral premixes, butter c...

MarketLine Department

Food Empire Holdings Limited - Strategy, SWOT and Corporate Finance Report

Summary Food Empire Holdings Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Food Empire Holdings Limited (Food Empire) is a manufacturer of food products, beverages, and ingredients. Its product portfolio comprises instant beverages, coffee capsules, frozen finger foods, and confectionary. Major brands of the company include CafeRite, Cafe PHO, FesAroma...

MarketLine Department

Dr Pepper Snapple Group Inc - Strategy, SWOT and Corporate Finance Report

Summary Dr Pepper Snapple Group Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Dr Pepper Snapple Group, Inc. (DPS or “the company” ) manufactures and distributes non-alcoholic beverages. Its product portfolio includes carbonated soft drinks (CSDs), non-carbonated beverages (NCBs), juices, ready-to-drink (RTD) teas, mixers, waters and other beverages. These ...

MarketLine Department

Red Bull GmbH - Strategy, SWOT and Corporate Finance Report

Summary Red Bull GmbH - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Red Bull GmbH (Red Bull) is a producer and marketer of energy drinks. The company’s product portfolio includes Red Bull energy drink, Red Bull Sugar Free, Red Bull Zero Calories, Red Bull Cola and Red Bull Editions. The company markets its products under several brand including Red Bull, Carpe...

MarketLine Department

Muller UK & Ireland Group LLP - Strategy, SWOT and Corporate Finance Report

Summary Muller UK & Ireland Group LLP - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Muller UK & Ireland Group LLP (Muller), a subsidiary of Muller Group, is a dairy company based in the UK. The company is involved in procurement, processing, and distribution of milk and associated products. Its product portfolio includes skimmed milk, organic milk, butter, fla...

Jehanne Leroy

Danone 25 Avril 2019

Gouvernance : La société propose le renouvellement d’Emmanuel Faber, Président Directeur Général : bien que le conseil ne comprenne pas une majorité d’administrateurs libres de tout conflit d’intérêts selon Proxinvest, un certain nombre de contre-pouvoirs ont été mis en place, avec notamment un administrateur Référent indépendant (Miche Landel) disposant de pouvoirs forts et de missions spécifiques notamment de communication avec les actionnaires. Par ailleurs, la performance environnemental de Danone est très bonne, de même que la performance de son cours depuis que M. Faber est à sa tête. Po...

Danone - Assemblée générale des actionnaires du 25 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Danone – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

USD weakness a tailwind for int'l markets With markets showing signs of weakening at logical resistance as outlined in last week's Int'l Compass - we recommend being selective in new purchases. At the same time we are seeing a number of indicators that are giving signals conducive to higher equity prices, meaning global equities may be gearing up for an eventual breakout topside resistance. Below we highlight some attractive and actionable themes along with indicators that support our overall constructive outlook. • USD (DXY) breaking down; Euro, CAD breaking out. Throughout all of 2019 we h...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

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.

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