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 - 4 nov 2019

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Jean-Christophe Dourret

Danone : Danone - 4 nov 2019

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Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

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Pierre Tegner

Danone : Baby milk reportedly contaminated by toxic mineral oil. Foodwatch raises suspicions. Danone refutes them. Nestlé is silent

>Neutral: the question of the risk profile - In tandem with last Friday’s sales warning, whose financial impact is minor, we lowered our recommendation from Buy to Neutral, citing: 1/ the imbalance between the risk and growth profile, and 2/ the eroded credibility of the 2020 organic growth target (Dairy in Russia and Waters in China). The share price is down 10% since, taking the P/E discount to more than 25% vs European peers in the Food HPC sector.We do not th...

Jean-Christophe Dourret

Danone : Danone - 4 nov 2019

...

Jean-Christophe Dourret

Danone : Danone - 4 nov 2019

...

Pierre Tegner

Danone : Baby milk reportedly contaminated by toxic mineral oil. Foodwatch raises suspicions. Danone refutes them. Nestlé is silent

>Neutral: the question of the risk profile - In tandem with last Friday’s sales warning, whose financial impact is minor, we lowered our recommendation from Buy to Neutral, citing: 1/ the imbalance between the risk and growth profile, and 2/ the eroded credibility of the 2020 organic growth target (Dairy in Russia and Waters in China). The share price is down 10% since, taking the P/E discount to more than 25% vs European peers in the Food HPC sector.We do not th...

Pierre Tegner

Danone : Des laits pour bébés seraient contaminés par des huiles minérales toxiques. Foodwatch jette la suspicion. Danone réfute. Nestlé se tait

>Neutre : la question du profil de risque - Concomitamment au sales warning de vendredi dernier, dont l’impact financier est mineur, nous avions dégradé notre recommandation d’Achat à Neutre en pointant 1/ le déséquilibre entre profil de risque et profil de croissance et 2/ la dégradation de la crédibilité de l’objectif 2020 de croissance organique (Dairy en Russie et Waters en Chine). Le titre a perdu 10% depuis, ramenant la décote en PE à plus de 25% vs pairs europé...

Virginie Roumage

DANONE: Lack of clarity on the growth path | NEUTRAL | EUR76 vs. EUR71 (+6%)

DANONE - NEUTRAL | EUR76 vs. EUR71 (+6%) Lack of clarity on the growth path Miss due to EDP and Waters EDP: penalized by North America and Russia Waters: negative impact from Mizone and comps in Europe Specialized Nutrition: recovery helped by technical factors Uncertainties about the extent of the recovery in Q4 2020 guidance: hardly achievable – Neutral maintained

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 ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/26/2019

...

Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Pierre Tegner
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/09/2019

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Ahmed Ben Salem ...
  • Alain William
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2019

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DANONE sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of DANONE (FR), a company active in the Food Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date September 3, 2019, the closing price was EUR 81.78 and its potential was estimated at EUR 85.87.

Venkatraman Varun
Venkatraman Varun
Venkatraman Varun
MarketLine Department

Savencia SA - Strategy, SWOT and Corporate Finance Report

Summary Savencia SA - 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. KeyHighlights Savencia SA (Savencia) is a dairy company that produces, markets and sells cheese, butter, cream and other dairy based ingredients. It collects and processes cow, goat and ewe milk from various dairy farms for developing quality and safety products. These comprise soft cheeses, fresh cheeses, pre...

MarketLine Department

Arla Foods amba - Strategy, SWOT and Corporate Finance Report

Summary Arla Foods amba - 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. KeyHighlights Arla Foods amba (Arla Foods) is a dairy company. The company is owned by the milk producers based in Denmark, Sweden, Germany, the UK, Belgium, Luxembourg and the Netherlands. Its product portfolio includes milk, milk powder, butter, yoghurt, cheese, spreads and other dairy products. Arla Foo...

MarketLine Department

Tingyi (Cayman Islands) Holding Corp - Strategy, SWOT and Corporate Finance Report

Summary Tingyi (Cayman Islands) Holding Corp - 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. KeyHighlights Tingyi (Cayman Islands) Holding Corp (Tingyi) manufactures and markets various instant food and beverage products. Its product portfolio includes instant noodles, ready-to-drink tea, bottled water, sandwich crackers, fruit juice, rice crackers, milk products, functional d...

MarketLine Department

Koninklijke Wessanen N.V. - Strategy, SWOT and Corporate Finance Report

Summary Koninklijke Wessanen N.V. - 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. KeyHighlights Koninklijke Wessanen N.V. (Wessanen) is a manufacturer and distributor of healthy and organic food products. The company’s product offerings include hot drinks (tea, coffee), dairy alternatives, breakfast cereals (organic muesli, porridge and granola), sweet spreads, sweet snacks, v...

MarketLine Department

Lifeway Foods Inc - Strategy, SWOT and Corporate Finance Report

Summary Lifeway Foods 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. KeyHighlights Lifeway FoodsInc. (Lifeway) manufactures and distributes dairy products.The company’s product portfolio comprises cultured dairy product, Kefir, European-style soft cheeses, cream, frozen and cupped Kefir. Its product variants includesnon-fat kefirlow-fat kefir, kefir with oats, traditional...

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

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Another test of support Heightened trade tensions have caused global equities to move from resistance to support in a matter of days. Additional consolidation - i.e., no breakdowns - on the broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) remains the most likely scenario. At the same time, new cracks are beginning to show and as a result we believe global equities are vulnerable to a breakdown. • New cracks emerging. Breakdowns in crude oil and new lows for the STOXX 600 Bank supersector are two recent developments which have dampened our overall outlook... see charts below. • Tes...

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 €.

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