Previous close | 59.60 |
Open | 59.36 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 59.36 - 59.90 |
52-week range | 50.59 - 63.80 |
Volume | |
Avg. volume | 1,051,303 |
Market cap | 38.448B |
Beta (5Y monthly) | 0.43 |
PE ratio (TTM) | 44.04 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.10 (3.52%) |
Ex-dividend date | 03 May 2024 |
1y target est | N/A |
KHC vs. DANOY: Which Stock Is the Better Value Option?
Danone is recouping some of the market share it lost to retailers' private label brands with high prices, it said on Thursday, winning both cash-strapped and wealthy shoppers. In the wake of the pandemic and subsequent supply chain crunch, input costs across commodities and raw materials sky-rocketed, prompting consumer companies to sharply raise prices which drove some customers to retailers' own label goods. In recent quarters, companies like Danone, Nestle and P&G have said they plan now to ease price hikes and invest more in improving products and launching new ones to win back share.
Danone, whose CEO first reached out to the International Olympic Committee (IOC) in mid-2022 to get involved, is betting on the Paris Games' focus on health and nutrition to boost summer sales of its yoghurts and plant-based products. Dozens of major French companies have emerged as first-time partners of the Olympic Games this year, hoping to take advantage of the sales opportunities and marketing exposure the event typically gives sponsors. Through press releases and marketing materials, the IOC has made it clear that sponsors selling food and beverages - including Coca Cola bottled water and Nestle's Garden Gourmet meat alternatives - are part of a drive by the Olympics to promote health and wellness.