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Should You Consider Investing in Danone (DANOY)?

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Artisan Partners, an investment management firm, published its “Artisan Global Value Fund” second-quarter 2022 investor letter – a copy of which can be downloaded here. A return of -13.40% was recorded by its Investor Class: ARTGX, -13.32% by its Advisor Class: APDGX, and -13.33% by its Institutional Class: APHGX, in the second quarter of 2022, outperforming its MSCI All Country World benchmark that delivered a -15.66% return in the same period. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Artisan Global Value Fund mentioned Danone S.A. (NYSE:DANOY) and explained its insights for the company. Founded in 1919, Danone S.A. (NYSE:DANOY) is a Paris, France-based multinational food-products corporation with a $35.8 billion market capitalization. Danone S.A. (NYSE:DANOY) delivered a -9.60% return since the beginning of the year, while its 12-month returns are down by -17.45%. The stock closed at $11.20 per share on July 27, 2022.

Here is what Artisan Global Value Fund has to say about Danone S.A. (NYSE:DANOY) in its Q2 2022 investor letter:

Danone increased by 11% this quarter in euros but only by 4% in US dollars as the euro declined versus the dollar. Danone certainly faces challenges. Its new leadership has charted a compelling course for value creation and long-term margin expansion, although inflation is pressuring margins as it is for most consumer goods companies. However, the strength of its brands and the relative consistency of demand for food has protected its top line. In addition, Danone’s cost cutting and margin expansion efforts are helping blunt margin pressure from rising raw material costs.”

Diet, Food

Photo by Louis Hansel on Unsplash

Our calculations show that Danone S.A. (NYSE:DANOY) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Danone S.A. (NYSE:DANOY) was in 2 hedge fund portfolios at the end of the second quarter of 2022, compared to 3 funds in the previous quarter. Danone S.A. (NYSE:DANOY) delivered a -4.76% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on Danone S.A. (NYSE:DANOY) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.