Danone SA (DANOY) Downgraded by Zacks Investment Research to “Sell”

Danone SA (NASDAQ:DANOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

A number of other brokerages have also recently issued reports on DANOY. JPMorgan Chase & Co. upgraded shares of Danone SA from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Sanford C. Bernstein initiated coverage on shares of Danone SA in a research report on Monday. They set an “outperform” rating for the company. Finally, Deutsche Bank AG cut shares of Danone SA from a “hold” rating to a “sell” rating in a research report on Friday, September 9th.

Shares of Danone SA (NASDAQ:DANOY) traded up 1.41% during trading on Monday, hitting $15.06. 188,886 shares of the stock traded hands. The company’s 50 day moving average is $15.10 and its 200 day moving average is $14.42. Danone SA has a 52-week low of $12.48 and a 52-week high of $15.77. The firm has a market cap of $46.44 billion and a PE ratio of 23.69.

Danone SA Company Profile

Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.

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