Streetbeat News

DANOY

Danone

https://www.danone.com/

CEO

Emmanuel Faber

Industry

Dry, Condensed, and Evaporated Dairy Product Manufacturing

Open

14.00

Mkt cap

44B

Volume

59K

High

14.00

P/E Ratio

41.82

52-wk high

14.72

Low

13.72

Div yield

0.03

52-wk low

12.01

General Mills is selling its North American yogurt business to Lactalis and Sodiaal for $2.1 billion, citing competition and market challenges. The deal is expected to be completed by 2025 and may dilute earnings. Proceeds will be used for share repurchases.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 3:23 pm

Nestlé SA has launched Vital Pursuit, a new food line aimed at users of GLP-1 weight loss medications, but will avoid mentioning the drugs on packaging to sidestep regulatory issues. Other companies like Herbalife, Coca-Cola, and Conagra are also targeting this market with varying strategies.

Portfolio Pulse from Vandana Singh

June 21, 2024 | 10:18 am

Danone SA has agreed to sell its U.S. premium organic dairy activity, including Horizon Organic and Wallaby, to Platinum Equity. This move is part of Danone's Renew Danone strategy, focusing on health-focused brands and asset rotation. The U.S. organic dairy segment accounted for 3% of Danone's global revenues and had a dilutive effect on sales growth and margin. Danone will keep a minority stake post-sale. DANOY shares closed slightly up at $12.95.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 10:44 am

Kahlil Lozoraitis, CEO of Weekenders Cannabis, applies a brand-centric leadership philosophy honed from his experience at major companies like Diageo PLC, L’Oréal SA, Danone SA, The Hershey Co, and Unilever PLC. Weekenders Cannabis, known for its sun-grown flower pre-rolls, operates in California and New York. Lozoraitis emphasizes the importance of persistence, managing uncertainty, and diversity in leadership. He advocates for more investment in minority entrepreneurs in the cannabis industry, noting that diverse teams yield superior results. Weekenders' collaboration with Gorilla RX on a community initiative in LA highlights his commitment to partnerships and sustainability.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 3:58 pm

Several companies have made headlines today. Nvidia is expected to generate up to $300 billion in AI revenues by 2027, according to Mizuho analyst Vijay Rakesh. Over 1,500 UK-based developers have filed a class action lawsuit against Apple over 'anti-competitive' App Store fees. Microsoft has invested $2 billion in a Saudi cloud facility, raising data privacy concerns. TikTok has launched a text-based post feature to compete with Twitter. Adidas expects a smaller operating loss in 2023 after parting ways with Kanye West's Yeezy Collection. H&M has sued Shein for copyright infringement. TSMC plans to invest $2.9 billion in an advanced chip packaging plant in Taiwan. FedEx pilots have rejected a contract deal, prompting renewed negotiations. Nestle and Danone are under France's inflation scanner due to price rises. American Airlines faces a voting delay for a pilot contract offer. Unilever, General Electric, General Motors, Xerox, Spotify, Biogen, Verizon, Danaher, and Dover have all reported their Q2 earnings.

Portfolio Pulse from Vandana Singh

July 25, 2023 | 2:26 pm

Product prices of Nestle S.A. and Danone have risen by more than 10% this year in France, putting them under the country's inflation scanner. The price hike has pressured the companies to renegotiate with French retailers. French shoppers have spent more than 20% more for Nestle products each month since January versus last year, with price increases peaking at 36.6% in May. Danone's products were sold for between 11.2% and 16.7% more than last year in the first six months of the year.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 1:34 pm

Russia has been seizing assets from Western companies, including Danone and Carlsberg. In response, many foreign companies are planning to leave Russia or reduce their operations there. Several US companies, including Ford, IBM, McDonalds, Delta Airlines, Nike, United Airlines, Starbucks, Hewlett Packard, Uber, Netflix, American Airlines, and Dell, have announced a full retreat from the country. However, other US companies like Cloudflare, Tupperware, Procter & Gamble, Colgate-Palmolive, Kimberly Clark, Abbott Laboratories, Pfizer, Merck, Johnson and Johnson, Eli Lilly, Philip Morris, Coca-Cola, PepsiCo, Kellogg's, General Electric, Whirlpool, John Deere, FedEx, UPS, Intel, Qualcomm, Micron, Nvidia, and Apple continue to operate in Russia, albeit with reduced operations or suspended investments.

Portfolio Pulse from Natan Ponieman

July 24, 2023 | 8:45 pm

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