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DANONE

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Real-time Euronext Paris  -  09:05 2022-07-07 am EDT
53.36 EUR   -0.41%
06:38aMARKETSCREENER'S WORLD PRESS REVIEW : July 7, 2022
07/06DANONE : JP Morgan reiterates its Buy rating
MD
07/05DANONE : marks industry 1st with launch of new Dairy & Plants Blend baby formula
PU
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Biden says first shipments of baby formula flying in from Europe this weekend

05/20/2022 | 09:42pm EDT
FILE PHOTO: Empty shelves show a shortage of baby formula in San Antonio

(Reuters) - The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration's handling of the issue.

Biden said on Twitter the initial military cargo plane flights under "Operation Fly Formula" meant that "up to 1.5 million bottles of safe Nestlé infant formula will be coming to U.S. shelves as soon as possible."

A Feb. 17 recall by top baby formula maker Abbott Laboratories during an investigation by the Food and Drug Administration has created one of the most urgent food shortages in recent history for U.S. families.

Biden this week said he was invoking the Defense Production Act to increase supplies.

"The Secretary of Defense ordered today the first flights supporting Operation Fly Formula. Due to the urgency of the situation, these flights will comprise U.S. military aircraft and will depart Ramstein Air Base in Germany this weekend," White House Communications Director Kate Berner said on Twitter.

"The flights will transport 132 pallets of Nestlé Health Science Alfamino Infant and Alfamino Junior formula to Indianapolis, IN. These formulas have been prioritized because they serve a critical medical purpose and are in short supply in the US because of the plant closure," Berner wrote.

Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to U.S customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters.

(Reporting by Dan Whitcomb; Editing by William Mallard)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ABBOTT LABORATORIES -0.56% 108.69 Delayed Quote.-22.77%
DANONE -0.37% 53.36 Real-time Quote.-1.85%
NESTLÉ S.A. -0.09% 114.98 Delayed Quote.-9.79%
S&P GSCI CLASS III MILK (USD) -1.11% 162.7942 Real-time Quote.4.63%
All news about DANONE
06:38aMARKETSCREENER'S WORLD PRESS REVIEW : July 7, 2022
07/06DANONE : JP Morgan reiterates its Buy rating
MD
07/05DANONE : marks industry 1st with launch of new Dairy & Plants Blend baby formula
PU
06/30Don't call it meat if it's made with plants, France says
RE
06/28DANONE : Morgan Stanley gives a Neutral rating
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06/22Global food makers, retailers remain in crisis mode
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06/21DANONE : RBC sticks Neutral
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06/20DANONE : Gets a Sell rating from Goldman Sachs
MD
06/20DANONE : Gets a Buy rating from Barclays
MD
06/20MARKETSCREENER'S WORLD PRESS REVIEW : June 20, 2022
More news
Analyst Recommendations on DANONE
More recommendations
Financials
Sales 2022 26 297 M 26 771 M 26 771 M
Net income 2022 1 581 M 1 609 M 1 609 M
Net Debt 2022 10 510 M 10 700 M 10 700 M
P/E ratio 2022 19,5x
Yield 2022 3,70%
Capitalization 33 552 M 34 156 M 34 156 M
EV / Sales 2022 1,68x
EV / Sales 2023 1,59x
Nbr of Employees 98 105
Free-Float 88,4%
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | MarketScreener
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Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Last Close Price 53,58 €
Average target price 57,56 €
Spread / Average Target 7,42%
EPS Revisions
Managers and Directors
Antoine Bernard de Saint-Affrique Chief Executive Officer & Director
Juergen Esser Chief Financial, Technology & Data Officer
Gilles Schnepp Non-Executive Chairman
Isabelle Esser Chief Research, Innovation & Food Safety Officer
Vikram Agarwal Chief Operations Officer
Sector and Competitors
1st jan.Capi. (M$)
DANONE-1.85%34 156
NESTLÉ S.A.-9.79%326 607
MONDELEZ INTERNATIONAL, INC.-5.88%86 371
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GENERAL MILLS, INC.13.12%45 648
THE HERSHEY COMPANY12.85%45 365