Danone (OTCMKTS:DANOY) Hits New 12-Month High Following Dividend Announcement

Danone S.A. (OTCMKTS:DANOY)’s stock price hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $17.65 and last traded at $17.16, with a volume of 534726 shares traded. 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 dividend of $0.3675 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 2.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DANOY shares. Royal Bank of Canada downgraded Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Jefferies Financial Group lowered Danone from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Citigroup reissued a “neutral” rating on shares of Danone in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein raised shares of Danone from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Danone Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The stock has a 50-day moving average of $15.73 and a 200-day moving average of $14.44.

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.