Danone (OTCMKTS:DANOY) Shares Down 3.3% - Here's Why

Key Points

• Danone shares experienced a decline of 3.3%, trading as low as $15.15, with an increase in trading volume to approximately 254,064 shares.
• Analysts have a consensus rating of "Hold" on Danone, with one analyst issuing a sell rating, reflecting concerns about the company's performance.
• Danone recently announced a dividend of $0.3675 per share, representing a yield of 2.16%, highlighting ongoing shareholder returns amid fluctuating stock performance.

Danone (OTCMKTS:DANOY - Get Free Report) shares were down 3.3% on Monday . The stock traded as low as $15.15 and last traded at $15.18. Approximately 254,064 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 199,272 shares. The stock had previously closed at $15.69.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a "neutral" rating on shares of Danone in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Danone Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 0.93. The firm's 50 day moving average is $16.42 and its 200 day moving average is $15.62.

Danone Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 5th were given a dividend of $0.3675 per share. The ex-dividend date was Friday, May 2nd. This represents a yield of 2.16%.

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.

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