Danone (OTCMKTS:DANOY) Hits New 52-Week High Following Dividend Announcement

Danone S.A. (OTCMKTS:DANOY) reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $17.65 and last traded at $17.16, with a volume of 534726 shares trading hands. The stock had previously closed at $17.06.

The newly announced dividend which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 5th will be given a $0.3675 dividend. This represents a yield of 2.16%. The ex-dividend date is Friday, May 2nd.

Analyst Ratings Changes

Several equities research analysts have commented on DANOY shares. Jefferies Financial Group cut shares of Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Citigroup restated a “neutral” rating on shares of Danone in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada downgraded Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Danone has a consensus rating of “Hold”.

Danone Stock Performance

The company has a fifty day simple moving average of $15.68 and a 200-day simple moving average of $14.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.