Previous close | 51.56 |
Open | 51.49 |
Bid | 51.13 x 0 |
Ask | 52.19 x 0 |
Day's range | 51.48 - 51.91 |
52-week range | 46.76 - 61.85 |
Volume | |
Avg. volume | 816,970 |
Market cap | 34.14B |
Beta (5Y monthly) | 0.49 |
PE ratio (TTM) | 25.34 |
EPS (TTM) | 2.04 |
Earnings date | N/A |
Forward dividend & yield | 2.00 (3.83%) |
Ex-dividend date | 09 May 2023 |
1y target est | N/A |
The world's biggest packaged food maker Nestle and dairy giant Danone rely on France for revenue more than any other country in Western Europe, raising the stakes in price negotiations due to begin there next month. France has long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenue, according to research firm IBISWorld. But with a view to securing price cuts by mid-January, the French government is bringing forward annual price negotiations between retailers and their suppliers to start by mid-October.
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In early 2021, investment management firm Artisan Partners sent an open letter to an incoming member of Danone's board, saying it had built a stake of more than 3% in the French food giant. "On almost every measure, Danone's performance has lagged," Artisan said, and called for change. About a month later, Danone's then-CEO and chairman, Emmanuel Faber, was ousted and its board overhauled in a high-profile victory for shareholder activism.