43.76 0.00 (0.00%)
After hours: 4:28PM EST
|Bid||43.31 x 900|
|Ask||45.00 x 900|
|Day's Range||43.41 - 44.05|
|52 Week Range||37.42 - 46.54|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||21.60|
|Forward Dividend & Yield||1.04 (2.35%)|
|1y Target Est||N/A|
Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings. Ackman's hedge fund, Pershing Square Capital Management, sold out of Mondelez International during the third quarter, some three years after spending $5.5 billion for a 7.5 percent stake, the investor told clients on a conference call on Wednesday. "It was not a barn burner of an investment," Ackman said on the call, adding that he has found better investments and had a change of heart as chances for an acquisition of Mondelez grew more remote.
Short interest is extremely low for MDLZ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MDLZ. Over the last month, ETFs holding MDLZ are favorable, with net inflows of $16.19 billion.
Mondelez International Inc. said Monday that it has "amplified its calls" for palm oil suppliers, and the industry as a whole, to go 100% sustainable and act with 100% transparency. The company says "there is more the industry needs to do in the palm oil supply chain to prevent deforestation." Ahead of the 16th Annual Roundtable Conference on Sustainable Palm Oil, Mondelez is asking companies to commit to palm oil concession mapping, which outlines the places most at risk of deforestation, and to act more quickly to end deforestation. Mondelez is ceasing contracts with 12 suppliers engaged in deforestation practices. Mondelez shares have gained 3.5% in 2018 while the S&P 500 index is up 4%.
As the new trading week kicks off, it’s the stock charts of Coca-Cola (NYSE:KO), Mondelez International (NASDAQ:MDLZ) and Ralph Lauren (NYSE:RL) that may be holding the most potential for traders. Exactly one week ago, Coca-Cola earned a spot on this list of noteworthy stock charts.
Its global snacking business could fetch $2.5 to $3 billion in a sale. Companies including Mondelez, Kraft Heinz and nutella-owner Ferrero are eyeing the business, though the sale process is early. Campbell Soup CPB has begun the process of selling off a number of its brands, including its Arnott's cookie and crackers business, as it looks to pay down the debt left in the wake of its acquisition of Snyder's Lance earlier this year, people familiar with the matter tell CNBC.
Kraft Heinz (KHC) reported net sales of $6.4 billion, which came in ahead of Wall Street’s expectation and increased 1.6% on a YoY basis. Improvement in volumes across all business segments and benefits from acquisitions and divestitures supported the company’s net sales growth. However, lower pricing and adverse currency rates remained a drag.
Kraft Heinz (KHC) stock fell 7.3% in after-hours trade following the company’s third-quarter results on November 1. Kraft Heinz reported better-than-expected top-line growth. Meanwhile, improvement in organic sales was a positive surprise. However, the company missed analysts’ estimate on the bottom-line front, which didn’t sit well with investors.
U.S. companies are raising prices on everything from plane tickets to paint, passing on to customers higher costs for fuel, metal and food after years of low inflation. Clorox Co. said it raised prices in the latest quarter on such products as cat litter, and Coca-Cola Co. reported higher prices for the quarter. The higher prices have effectively ended a long period of low inflation that led the Federal Reserve to keep short-term interest rates near zero for years.
Short interest is extremely low for MDLZ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MDLZ. ETFs that hold MDLZ had net inflows of $13.57 billion over the last one-month.
Wall Street analysts maintain a favorable outlook on Mondelēz (MDLZ) stock and see a substantial upside. Analysts maintain a consensus target price of $48.65 per share on MDLZ stock, which implies an upside potential of 21.3% based on its closing price of $40.11 on October 29. However, J.P. Morgan lowered its target price on MDLZ stock after the company reported third-quarter results. J.P. Morgan reduced the target price on MDLZ to $45 from $47 per share.
Stocks that moved substantially or traded heavily Tuesday: Mondelez International Inc., up $2.01 to $42.12 The maker of Oreos disclosed a larger-than-expected profit and said sales in emerging markets ...
Investing.com - Under Armour soared higher in midday trading thanks to impressive quarterly results, but other consumer discretionary stocks found it tougher going.
Warning! GuruFocus has detected 3 Warning Sign with HSY. The GuruFocus All-in-One screener found popular candy companies in the U.S. are The Hershey Co. (HSY), Mondelez International Inc. (MDLZ), Rocky Mountain Chocolate Factory Inc. (RMCF) and Tootsie Roll Industries Inc. (TR). The Peter Lynch chart shows the stock is trading higher than its fair value, suggesting it is overvalued.
Investors showed their sweet tooth for the maker of Oreo cookies on Tuesday, Oct. 30, a day after snack food company Mondelez International Inc. Shares of Mondelez were up 3.4% after reporting adjusted earnings per share of 62 cents in the third quarter, beating Zacks estimates by a penny per share and rising 5 cents from the same time last year. Mondelez also expects leadership changes in Europe this coming year, according to the earnings report.
Mondelēz (MDLZ) reported better-than-expected bottom-line results for the third quarter. Mondelēz’s adjusted EPS of $0.62 jumped 10.7% on a YoY basis and came in ahead of analysts’ estimate of $0.61.
Mondelez's (MDLZ) top line in Q3 hurt by weak regional performance. Nevertheless, pricing and saving efforts drive the bottom line.
Mondelez International Inc. said Tuesday that it's launching an innovation hub called SnackFutures in November that will create new brands and businesses, rework small Mondelez brands for greater success, and seed new businesses with start-ups. "SnackFutures will unlock snacking growth opportunities around the world that respond to emerging trends and changing consumer preferences," aid Tim Cofer, chief growth officer and the head of the new hub. Mondelez shares are up 2% in premarket trading, but down 6.3% for the year to date. The S&P 500 index is down 1.2% for 2018 so far.