Davide Campari-Milano is engaged in manufacturing spirits industry with an extensive product portfolio in three business lines: spirits, which includes internationally brands such as Appleton, Campari, Carolans, SKYY vodka and Wild Turkey, as well as brand in local markets including Aperol, Cabo Wabo, Cynar, Frangelico, GlenGrant, Ouzo 12, X-Rated Fusion Liqueur, Zedda Piras, and Brazilian brands Dreher, among others; wines, which main regional brands are Liebfraumilch, Mondoro, Odessa, Riccadonna, Sella&Mosca and Teruzzi&Puthod; and soft drinks, which covers the extended ranges of Crodino and Lemonsoda. Co. operates in 190 countries with registred positions in Europe and the Americas.
  • TickerCPR
  • ISINIT0005252207
  • SectorBeverages
  • CountryItaly

Davide Campari: 1 director bought

A director at Davide Campari bought 1,502,744 shares at 7.914EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Virginie Roumage

CAMPARI: Consumers in the post-COVID era drinking at home | NEUTRAL | EUR7.6 vs. EUR7.2 (-11%)

CAMPARI - NEUTRAL | EUR7.6 vs. EUR7.2 (-11%) Consumers in the post-COVID era drinking at home A beat of 11% on Q2 net sales… …and 38% on the EBIT Lifting our FV to EUR7.6

Virginie Roumage

SECTOR | Beverages | Jouer la sécurité

Me too I drink : une tendance de fond sur le moyen terme. Il existe aujourd’hui une convergence des sexes en matière de consommation d’alcool. En effet, les hommes nés à la fin du 20ème siècle ne sont que 1,1x plus enclins que les femmes à consommer de l’alcool (contre un ratio de 2,2x pour ceux nés vers le début du 20ème siècle). Les femmes préférant les spiritueux à la bière, nous pensons que l’intégralité des acteurs du secteur va bénéficier de ce mouvement. Certains sont toutefois avantagés compte tenu de leur portefeuille davantage tourné vers des spiritueux privilégiés par les femmes. Il...

Virginie Roumage

Beverages Favoring Diageo

Beverages Favoring Diageo Outperformance of spirits vs beer in Q2 unjustified, in our view Weaker sales trend to come, with a negative mix Our Q3 top pick is Diageo in spirits…

Virginie Roumage

CAMPARI: More acquisitions to come | NEUTRAL | EUR6.5

CAMPARI - NEUTRAL | EUR6.5 More acquisitions to come The conditions necessary for the transfer of the registered office to the Netherlands were fulfilled Neutral maintained

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Ex-U.S. Equity Strategy

In our January 31 International Compass we presented a case for an incrementally improving overall global outlook, with the caveat that market bottoms tend to be a process that develops over many weeks. Since the end of January, not a lot has changed to alter our views. We remain constructive overall and continue to believe that global equities (MSCI ACWI) are going through a bottoming process. Opportunities exist but Sector leadership is mixed. In our February International Strategy, we explore various themes which lead to our overall constructive outlook, along with areas of the market wher...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI EM in early stages of bottoming Our overall global outlook remains cautious and continued downward pressure on global equities remains our expectation. This belief is supported in part by the absence of bottoming price action for broad global indexes (MSCI ACWI, ACWI ex-U.S., and EAFE), which are still making lower highs and lower lows. However, one bright spot is EM (more on this below), which continues to give us hope that global equities can bottom out. • Emerging Markets. We began highlighting the MSCI EM index as leadership on a relative basis back in November, so continued outper...

Matthieu DRIOL

Short term view - DAVIDE CAMPARI-MILANO SPA : Overbought stochastics

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to €6.319.

Matthieu DRIOL

Analyse court terme - DAVIDE CAMPARI-MILANO SPA : Stochastiques en zone de surachat.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 6,319 €.

Davide Campari: 1 director bought

A director at Davide Campari bought 1,502,744 shares at 7.914EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Virginie Roumage

CAMPARI: Consumers in the post-COVID era drinking at home | NEUTRAL | EUR7.6 vs. EUR7.2 (-11%)

CAMPARI - NEUTRAL | EUR7.6 vs. EUR7.2 (-11%) Consumers in the post-COVID era drinking at home A beat of 11% on Q2 net sales… …and 38% on the EBIT Lifting our FV to EUR7.6

Virginie Roumage

SECTOR | Beverages | Jouer la sécurité

Me too I drink : une tendance de fond sur le moyen terme. Il existe aujourd’hui une convergence des sexes en matière de consommation d’alcool. En effet, les hommes nés à la fin du 20ème siècle ne sont que 1,1x plus enclins que les femmes à consommer de l’alcool (contre un ratio de 2,2x pour ceux nés vers le début du 20ème siècle). Les femmes préférant les spiritueux à la bière, nous pensons que l’intégralité des acteurs du secteur va bénéficier de ce mouvement. Certains sont toutefois avantagés compte tenu de leur portefeuille davantage tourné vers des spiritueux privilégiés par les femmes. Il...

Virginie Roumage

Beverages Favoring Diageo

Beverages Favoring Diageo Outperformance of spirits vs beer in Q2 unjustified, in our view Weaker sales trend to come, with a negative mix Our Q3 top pick is Diageo in spirits…

Virginie Roumage

CAMPARI: More acquisitions to come | NEUTRAL | EUR6.5

CAMPARI - NEUTRAL | EUR6.5 More acquisitions to come The conditions necessary for the transfer of the registered office to the Netherlands were fulfilled Neutral maintained

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Emmanuel Matot ...
  • Fatma Ayachi
  • Jean-François Granjon
  • Samantha Jeary
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/02/2020

Mauna Kea is a medtech focused on in vivo microscopic imaging. The group aims to revolutionise diagnosis via its Cellvizio® system. Indeed, Cellvizio® presents a unique value proposition by facilitating the real-time observation of tissues at a microscopic scale and helping physicians to accurately target biopsies. The current share price, which reflects the temporary negative impact of COVID-19 on the company's business, presents an attractive entry point to play the extension of the...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Samantha Jeary
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/02/2020

...

Fatma Ayachi ...
  • Jean-François Granjon
  • Martial Descoutures
  • Samantha Jeary
  • Sebastien Malafosse
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/06/2020

...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Samantha Jeary
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/06/2020

Les assureurs ont enregistré les premiers effets de la crise au T1, mais on note une bonne résistance de la rentabilité opérationnelle, alors que les marges de solvabilité, bien qu’en baisse, restent solides. Les effets de la crise impacteront les résultats du T2, mais relativement peu les perspectives de résultat 2021/2022. Le secteur se traite actuellement à des multiples de valorisation attractifs au regard de ses fondamentaux. - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/06/2020

Faced with uncertainty as to what shape the next recovery cycle may take, we have attempted to build a sector allocation approach based on three pillars: 1/ buy sectors offering an EY - Bund spread higher than the long-term average) 2/ minimise the risk on earnings expectations by favouring sectors for which the speed of revision is higher than that achieved at the same time stage of the crisis in 2008-2009 3/ favour sectors whose price performance is more severe than the decline in e...

Thanks to a better fundamental star rating, DAVIDE CAMPARI MILANO sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to DAVIDE CAMPARI MILANO (IT), active in the Distillers & Vintners industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 29, 2020, the closing price was EUR 7.30 and its expected value was estimated at EUR 6.92.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Davide Campari - Milano – AGM 26 June 2020

The EGM is called to revoke the resolution to transfer the Company's registered office to the Netherlands, which was approved by the General Meeting of March 2020 with the favourable vote of only 34% of minority shareholders (excluding the votes of the controlling shareholder Lagfin). The shareholders that did not approve the proposal (abstaining, opposing or not attending the Meeting) have the right to withdraw from the Company, at a redemption price of €8.376 per share to be paid by Campari. The closing price on June 5 was €7.396.The proposed revocation of the transaction is due to the drop ...

Expert Corporate Governance Service (ECGS)

Davide Campari - Milano - AGM 27 March 2020

In item 3.1, shareholders are called to a binding vote on the remuneration policy. Overall remuneration amounts are reasonable: the CEO's fixed remuneration is 99% of the median at European peers, and 88% of the median at large Italian companies. However, we strongly regret that the stock option plan (subject to a vote in item 4) is not based on any performance conditions, and the maximum annual bonus (180% of the base salary) exceeds our voting policy limit of 150% of the fixed remuneration. Therefore, we recommend opposition. In item 3.2, shareholders are called to an annual advisory vote o...

Expert Corporate Governance Service (ECGS)

Davide Campari April 16th, 2019

In item 2, the AGM is called to appoint the members of the Board of Directors on slates of nominees submitted by shareholders holding, even jointly, at least 1.0% of Campari's share capital. Two slates of nominees have been submitted: by Lagfin SCA (64.3% of votes with 51.0% of shares), and a group of institutional investors (0.7% of votes with 1.0% of shares), including 9 and 1 nominees respectively. One of the institutional investors that submitted the slate of nominees is Generali Investments, which is a client of ECGS partners Proxinvest and Frontis Governance. It is important to note tha...

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