YKLTF - Danone: A Good Opportunity To Buy This Global Leader
Investment thesis
Danone (DANOY) (GPDNF) is a very mature and stable company that currently trades at a fair price. As people have stockpiled products of big consumer packaged goods companies during the current coronavirus pandemic crisis, Danone was poised to benefit from this exceptional consumer behavior. This supposed tailwind was supposed to temporarily boost sales and revenues, which would help the company throughout its deleveraging process. H1 results proved that was not the case, although the results were not bad after all. The company currently pays a ~3.50% dividend yield, which