Sodexo is a services company which partners with companies, institutions and local authorities. Co. designs, manages and delivers Quality of Life services. Co.'s offers are: On-Site Service Solutions (Co.'s services are: Corporate, Defense, Justice Services, Remote sites, Health Care, Seniors, Education and Sports and Leisure), Benefits and Rewards Services Solutions (Co.'s offers focus on the following services: recruit and retain employees and increase their motivation; mobilize teams around quantitative or qualitative objectives; ensure delivery of Public Benefits), and Personal and Home Services (services in childcare; tutoring and adult education; concierge services and senior care).
  • TickerSW
  • ISINFR0000121220
  • ExchangeEuronext Paris
  • SectorTravel & Leisure
  • CountryFrance

Analysts

Jean-Christophe Dourret

Sodexo : Sodexo - 14 May 2019

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Jean-Christophe Dourret

Sodexo : Sodexo - 14 mai 2019

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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. - - ...

Jean-Christophe Dourret

Sodexo : Sodexo - 14 May 2019

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Jean-Christophe Dourret

Sodexo : Sodexo - 14 mai 2019

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Johanna Jourdain ...
  • Matthias Desmarais

Sodexo : The acceleration in organic growth is confirmed, more cautious tone on the margin in 2019 (which makes sense)

>Acceleration in organic growth in Q2, positive outlook… - The acceleration in Sodexo’s organic growth continued in Q2 at +3.6% after +2.6% in Q1, buoyed in particular by the start-up of contracts (schools in Les Yvelines in France), passing on inflation in prices (which more than offset the fall in prices on the renewal of the US Marines contract), the gradual improvement in the healthcare segment in North America (+1.7%e in Q2 after +0.8% in Q1) as well as still sol...

Johanna Jourdain ...
  • Matthias Desmarais

Sodexo : L’accélération de la croissance organique se confirme, ton (logiquement) plus prudent sur la marge 2019

>Accélération de la croissance organique au T2, perspectives positives… - L’accélération de la croissance organique de Sodexo s’est poursuivie au T2 à +3.6% après +2.6% au T1, soutenue notamment par le démarrage de contrats (écoles des Yvelines en France), la répercussion de l’inflation dans les prix (celle-ci ayant notamment permis de plus que compenser la baisse des prix lors du renouvellement du contrat US Marines), l’amélioration progressive du segment Santé en Am...

Michael Field

Morningstar | Narrow Moat Sodexo Dishes out Improvement in 1H

Narrow moat catering giant Sodexo's first-half results added a further data point to the recovery trend, following its early 2018 profit warning. Organic revenue growth of 3% was at the high end of management’s guided range of 2% to 3% for 2019, and the operating margin, at 5.9%, was a 40-basis point improvement on 2018. We reiterate our EUR 110 fair value estimate for the stock and still see attractive upside potential from the prevailing share price. Sodexo's North American healthcare and seniors, and education divisions, the sources of the 2018 profit warning, saw further improvements in t...

1 director sold

A director at Sodexo sold 5,400 shares at 91.254EUR and the significance rating of the trade was 60/100. 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 members ...

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 ...
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Olivier Lebrun
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/04/2019

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Fatma Agnès Hamdani ...
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Olivier Lebrun
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/11/2019

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Bruno Cavalier ...
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/08/2019

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With a more favourable environment, SODEXO improves to Slightly Positive

SODEXO (FR), a company active in the Restaurants & Bars industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 8, 2019, the closing price was EUR 93.56 and its potential was estimated at EUR 105.25.

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...

Sodexo - Assemblée générale des actionnaires du 22 janvier 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.

Sodexo – 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...

Expert Corporate Governance Service (ECGS)

Sodexo - January 22, 2019

After the previous General Meeting, Michel Landel retired and Denis Michuel has replaced him. Michel Landel left the company with a generous non-compete indemnity. This practice is not in line with the best practices anymore because the Afep-Medef changed, and now it recommends not giving a non-competing indemnity to the executives who retired.  The compensation policy changed for Denis Machuel, and now the company discloses the fixed compensation and the variable annual remuneration can’t be greater than 150% of the fixed compensation, which is in line with our guidelines. Finally, Proxinve...

Florian Béchaz

Sodexo - 22 janvier 2019

À l’issue de la précédente Assemblée Générale, Michel Landel a quitté ses fonctions de Directeur Général de la société. Dès lors Denis Machuel lui succède. Suite à ce départ, Michel Landel s’est vu octroyer une indemnité de non-concurrence alors même qu’il a fait valoir ses droits à la retraite. Cette attribution est n’est pas ligne avec les meilleurs pratiques de la place et avec le code Afep-Medef. La politique de rémunération et la rémunération du Directeur Général ont été améliorées, permettant à Proxinvest de soutenir les résolutions 14 et 16. Enfin Proxinvest note l’amélioration du tau...

Expert Corporate Governance Service (ECGS) ...
  • Jehanne Leroy

Proxy Report - AGM 23/01/2018

ITEM 4: At the end of this 2018 AGM, Michel Landel, CEO since 2005, will retire and will be replaced by Denis Machuel. As he retires, Mr Landel is not entitled to the benefit of his severance agreement. However, in November 2017, the company implemented a non-compete agreement. Non-compete agreement must be implemented when the executive officer arrives in the Company, not when he leaves it. Moreover, in this case, this agreement is put in place while Mr Landel announced his retirement (hence he lost the benefit of his severance agreement). Therefore, this non compete agreement looks like a re...

Jérôme VINERIER

Analyse court terme - SODEXO : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 95,30 € puis 102,50 €. La rupture de 75,90 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - SODEXO : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €95.30 and then €102.50. The break of €75.90 would endanger the trend.

Jérôme VINERIER

Analyse court terme - SODEXO : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 95,30 € prochainement. Le prochain objectif est à 85,30 €, puis 81,38 €. Le franchissement de 95,30 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - SODEXO : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €95.30. The next target is at €85.30, then €81.38. Passing €95.30 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - SODEXO : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 77,44 €, puis 65,58 €. Le franchissement de 102,40 € remettrait en cause la suite de la baisse.

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