Skip to Content
Morningstar
Get 14 Days Free

Danone SA ADR DANOY

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Danone Proceeds to Corporate Governance Changes Amid Mounting Pressure From Activist Investors

Analyst Note

| Ioannis Pontikis, CFA |

On March 1, Danone announced the separation of CEO and chairman roles, which will be effective upon the appointment of a new CEO. Emmanuel Faber will focus on his role as nonexecutive chairman once the process is complete. In addition to Danone’s announcement in December 2020 regarding the composition of its board of directors, the group decided to appoint Gilles Schnepp as vice chairman, together with Cecile Cabanis (former CFO) and assign the lead independent director and chairman of the governance committee roles to Jean-Michel Severino, a long-time (10-year) member of the board. This follows pressure from two activist investors calling for chairman and CEO Emmanuel Faber to be replaced on the back of a disappointing performance versus peers in recent years.

Read Full Analysis

Company Profile

Business Description

Following the acquisition of WhiteWave, Danone restructured the firm into three broad segments: essential dairy and plant-based products, which represents just over half of group revenue; specialised nutrition; and bottled water. The firm's portfolio includes well-known brands such as Danone/Dannon dairy products, Nutrilon and Cow & Gate infant nutrition, and Evian and Volvic bottled water. Danone derives about 60% of its annual sales outside Western Europe, up from about just one third in 2001.

Contact
17, Boulevard Haussmann
Paris, 75009, France
T +33 144352020
Sector Consumer Defensive
Industry Packaged Foods
Most Recent Earnings Jun 30, 2006
Fiscal Year End Dec 31, 2020
Stock Type —
Employees 102,449

Related

Our Picks
19 Good Companies With Bad Stewardship
These firms all have wide and narrow economic moats but earn poor stewardship ratings.
Susan Dziubinski
Premium Article
8 Good Companies With Bad Stewardship
These firms all have wide and narrow economic moats but earn poor stewardship ratings.
Susan Dziubinski
Stock Strategist Industry Reports
How a Worst-Case Brexit Could Impact Stocks
The unlikely outcome of a disorderly no-deal Brexit is a risk, but opportunities exist.
Alex Morozov
Sustainability Matters
Watch Out For These 4 Emerging Environmental, Social, and Governance Risks
A fuller appreciation of these risks can provide key insights for investors.
Jon Hale
Advisor Insights
Consumer Defensive Firms: Tightening the Belt
With increased competition from all corners, consumer defensive companies are cutting costs to offset sluggish growth.
Laura Lallos
Fund Times
A Concentrated Portfolio Of High-Quality Growth Stocks
Silver-rated Loomis Sayles Growth's patient approach to growth investing and reasonable fees have generated fine risk-adjusted results.
Greg Carlson
Stock Strategist
Campbell's Growth Set to Simmer
But while we foresee some sales improvement, increasing already-high margins is not likely.
Erin Lash
Quarter-End Insights
Consumer Defensive: Valuations More Reasonable After Third-Quarter Retreat
Risks to traditional business models remain from e-commerce and retail bifurcation.
Philip Gorham
Quarter-End Insights
Consumer Defensive: Still Thirsty for Growth
Although growth remains sluggish, opportunities in consumer defensive stocks are still available for selective investors.
Zain Akbari
Stock Strategist
Market Overlooks Danone's Prospects for Margin Expansion
Growth is slowing, but we see profits improving.
Philip Gorham
Quarter-End Insights
Consumer Defensive: Cooking Up a Bit More Value
Despite tepid near-term growth prospects amid an intensely competitive landscape, pockets of value remain.
Erin Lash
Credit Insights
Rising Energy Prices Help Corporate Bonds Hold Value Relative to Treasuries
David Sekera
Quarter-End Insights
Consumer Defensive: Not a Lot to Feast On
Consumer defensive names look rich, but a handful of firms remain undervalued.
Ken Perkins
Stock Strategist Industry Reports
The Impact of Brexit on the Stocks We Cover
There's much to consider, but it's not all bad news.
Morningstar
US Videos
Herro: Still Places to Find Value Abroad
Japanese and European equities drove returns for Oakmark International last year, but manager David Herro says it's a long-term positive to have exposure to emerging-markets consumers.
Jason Stipp
Market Update
Earnings on Tap: Starbucks
Starbucks is well-positioned to evolve into a world-class consumer packaged-goods company, as a result of its well-recognized brand and continued diversification efforts.
Gazala Parveen
Fund Spy
PIMCO's New Pathfinder Fund Finds a Familiar Road
Managers Anne Gudefin and Chuck Lahr talk about opportunities in a market that has come a long way since March 2009.
Bridget B. Hughes
Investing Specialists
Seven 5-Star Stocks from Berkshire's Latest Portfolio
Burlington Northern was just one of several purchases Berkshire has made lately.
The Morningstar Ultimate Stock-Pickers Team
Special Report
Our Take on Kraft Foods
Kraft may take a while to live up to its full potential.
David Kathman