53.99 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||53.62 x 3200|
|Ask||54.07 x 4000|
|Day's Range||53.94 - 54.50|
|52 Week Range||38.78 - 55.85|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||21.14|
|Forward Dividend & Yield||1.14 (2.09%)|
|1y Target Est||N/A|
The U.S. Commodity Futures Trading Commission on Thursday said Mondelez International Inc. and Kraft Heinz agreed to a $16 million penalty to settle a complaint about manipulation of wheat prices beginning in the summer of 2011.
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and Mondelez bought $90 million of December 2011 wheat futures, which gave the companies a dominant position in the market, even though they never intended to take possession of the grain, the CFTC said.
Kraft Heinz, which was Kraft Foods until 2015, and Mondelez bought $90 million of December 2011 wheat futures, which gave the companies a dominant position in the market, even though they never intended to take possession of the grain, the CFTC said. The move sent a false signal that the companies had demand for wheat and caused an artificial price fluctuation that earned them more than $5 million in profits, the CFTC said.
A long-running legal tussle between the food companies Mondelez International and Kraft Heinz and a US market regulator reignited in fury, just hours after it had been formally concluded by a federal judge. The Commodity Futures Trading Commission extracted a $16m penalty from Mondelez over allegations it and Kraft manipulated the US wheat futures market when they were a single company in 2011. Mondelez and Kraft, makers of supermarket brands such as Oreo cookies and Philadelphia cream cheese, said they would immediately return to court to contest the way the regulator announced the deal.
Kraft Heinz (KHC) shares closed down 0.53% through intraday trading Monday as the stock continues to plummet following the release of its earnings report.
Church & Dwight's (CHD) sales are gaining from continued category growth and healthy market share gains. The company's consumer international business has long been contributing to the top line.
Jim Cramer and the AAP team are adding Mondelez International Inc. to the bullpen. In this daily bar chart of MDLZ, below, we can see a good rally from the late December nadir. Recently MDLZ broke below the rising 50-day moving average line and then it bounced back above that indicator Thursday.
Despite having appreciated by around 21% over the past year, Mondelez International Inc’s (NASDAQ: MDLZ ) stock offers “a compelling opportunity,” given the company’s positive strategy changes, pending ...
The company—up 36% this year—should trade more in line with multinational large-cap peers, rather than the discount it sports now, according to Morgan Stanley.
Kraft Heinz's (KHC) first-half 2019 results are hurt by cost inflation, escalated investments, and increased depreciation and amortization costs.
Flowers Foods' (FLO) second-quarter 2019 earnings remain flat year over year. The company battles cost inflation, though solid pricing, strong brands and contributions from Canyon Bakehouse fuel sales.
Dean Foods' (DF) top and bottom lines deteriorate year over year and lag the Zacks Consensus Estimate in Q2. Weak volumes and greater dairy commodity inflation hurt.
Since early March, Cronos (NASDAQ:CRON) stock has been slowly burning. Note that the shares have gone from $24 to $14.Source: Shutterstock One of the key reasons is that there has been a general bearishness across the cannabis sector. For evidence, look at the selloffs in shares like Canopy Growth Corp (NYSE:CGC), Tilray (NASDAQ:TLRY) and Aurora Cannabis (NYSE:ACB). After all, it looks like Wall Street's expectations for the typical marijuana stock were simply too exuberant.Interestingly enough, the sentiment remains fairly awful. According to S3 Partners, short sellers held positions of about $5.1 billion in 150 marijuana stocks. And 84% of this is concentrated in 20 of those stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, the volatility should not be a surprise. The cannabis industry is still in the nascent stages, making it difficult to make predictions. It also does not help that the Canadian market continues to have problems with supply chains and black-market activities. Earnings Preview for Cronos StockSo, what does this all mean for CRON stock? On Thursday, we'll get a better picture of things. The company will report its second-quarter results, which will come out before the market opens. * 10 Generation Z Stocks to Buy Long As for the estimates, they call for CRON to post a loss of 3 cents a share. Analysts also forecast revenues to spike by 116% to $5.6 million. In the prior quarter, the growth ramp was about 120%, with the main driver being the adult-use market in Canada. There was also a 122% jump in kilograms sold to 1,111 kilograms.The current quarter has certainly seen lots of activity. Here's a look at some of the notable highlights: * The company appointed Dr. Todd Abraham as the chief innovation officer. Before taking this position, he held executive posts at Mondelēz International (NASDAQ:MDLZ), The Pillsbury Company and Procter & Gamble (NYSE:PG). * CRON entered an agreement to acquire an 84,000 square foot of GMP compliant fermentation and manufacturing facility in Winnipeg, Canada from Apotex Fermentation. Some of the capabilities include: microbiology, organic and analytical chemistry, quality control and method development.Yet perhaps the biggest event was the $300 million acquisition of Redwood Holding Group LLC. On the news, Cronos stock rose by nearly 9% to $13.84.According to Cronos CEO Mike Gorenstein, the Redwood acquisition provides multiple synergies. First, the company specializes in hemp-derived cannabidiol (CBD) skincare products. This expands Cronos' scope. Second, the two teams can combine their expertise and potentially expand into other CBD-based consumer products. Third, it provides a PR boost in that Cronos isn't just another marijuana stock. Instead, their company offers practical solutions for everyday needs. Cannabis just happens to be the platform of choice. Bottom Line on CRON StockGoing into the quarter, Wall Street remains quite skeptical of CRON stock. Consider that there are currently eight analysts who have a "hold" rating, four with a "sell" and only two with a "buy."But I think this could be an advantage. If anything, Cronos stock is at a good entry point, especially for those investors with a long-term focus. The company's $1.8 billion investment from Altria (NYSE:MO) opens up many opportunities for acquisitions, research and development and other growth initiatives. There will also be the expertise with distribution/marketing, the handling of regulations and product development. All in all, I think CRON stock remains one of the best ways to play the cannabis wave right now.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post Cronos Stock: What To Expect From This Weekas Earnings Report appeared first on InvestorPlace.
Following Q2 results, Sprouts Farmers (SFM) updates its full year guidance. Management now projects 2019 earnings in the band of $1.05-$1.09 per share.
Stocks managed to partially fight their way back from yesterday's intraday plunge, largely spurred by a somewhat surprising commentary that accompanied the official rate-cut explanation. Still, the S&P 500's 1.09% setback was neither modest, nor irrelevant. The index closed under its 20-day moving average line for the first time since early June.Source: Shutterstock Advanced Micro Devices (NASDAQ:AMD) did more than its fair share of the damage, losing more than 10% of its value after the company warned that its fourth quarter could prove "very difficult." Qualcomm (NASDAQ:QCOM) wasn't far behind though, losing more than 2% of its value during the regular session and falling more than 5% in after-hours action after reporting disappointing fiscal third-quarter revenue.There were still some winners. Apple (NASDAQ:AAPL) was one of them, mustering a 2% gain in response to a quarterly report that could have been worse. Although iPhone sales fell, the company appears to be abating that slowdown.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, Apple can't keep the broad market in the black on its own. * 10 Monster Growth Stocks to Buy for 2019 and Beyond As for the top trading prospects moving into Thursday's session, the stock charts of Mondelez International (NASDAQ:MDLZ), BB&T (NYSE:BBT) and Host Hotels and Resorts (NYSE:HST) are of the most interest. Here's why. BB&T (BBT)Like most other banking and financial stocks, BB&T has pulled itself out of a funk it was stuck in late last year and early this year, and it has once again started to test the waters of a new uptrend. Unlike most other banking names, however, BBT stock has only just recently dropped some key technical hints that a new uptrend has been fully established. And even then, there's one last hurdle to clear. * Click to EnlargeThe overreaching bullish hint in place is mid-July's move above the resistance line that had been guiding it lower for months. That line is plotted in white on both stock charts. * Underscoring the most recent leg of the rally, which has been unfurling on mostly bullish volume. * Also underscoring the strength of the new rally effort is the cross of the purple 50-day line above the 200-day moving average, marked in white on both stock charts (highlighted on the daily chart). * The last line in the sand is around $52, marked in yellow on both stock charts, where BB&T shares have peaked multiple times since late last year. Host Hotels and Resorts (HST)It was only a few months ago Host Hotels and Resorts looked like it was ready to rekindle last year's bullishness. And, with interest rates falling in the midst of a still-healthy economy, real estate and REIT plays certainly had -- and have -- the wind at their back.For a handful of nuanced reasons though, Host Hotels and Resorts shares are losing ground again. In fact, the shape of the chart made since the selloff began back in April has taken on a clear, and telling, shape. This week's action almost serves as the nail in the coffin. * 7 Stocks on Sale the Insiders Are Buying * Click to EnlargeThe shape in question is a descending, converging wedge pattern plotted on the daily chart. This is funneling HST into what's essentially a showdown between the bulls and the bears. * Thus far, it's the bears that appear to have an edge in the brewing standoff. The bearish volume surged on Monday and Wednesday, when the sellers were once again testing the support side of the wedge shape. * Backing out to a weekly view doesn't tell us anything we don't know about Host Hotels and Resorts, but it does make clear that the undertow is decidedly bearish. There's little that can stop the selling from here. Mondelez International (MDLZ)This year has been, as is the case for many food stocks, a great one for Mondelez International. Shares are still up 33% since the end of last year, even with yesterday's sizeable stumble.Wednesday's 2.4% setback is nothing to shrug off though. It could mark the beginning of a more serious selloff that had until now been evaded. What happens the rest of this week will be critical in terms of making that call. But, whatever comes next, it's the bulls that are on the defensive while the bears now have an edge. * Click to EnlargeThat "edge" comes in the form of yesterday's move below the purple 50-day moving average. A couple of times since May it had served as support, but now it has failed to do so. * Although yesterday's selling-volume surge is a red flag, notice Wednesday wasn't the first time we saw such action. A few times since May we've seen pullbacks on huge volume, hinting of a large number of would-be sellers. * The weekly chart better illustrates just how overbought Mondelez has been since June, and how far back it could slide before finally finding a floor.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post 3 Big Stock Charts for Thursday: BB&T, Mondelez International and Host Hotels and Resorts appeared first on InvestorPlace.
The maker of Oreo cookies and one of the county’s major shopping mall owners announced dividend increases this week.
The Boston Beer Company, iRobot, Apple, Electronic Arts and Mondelez highlighted as Zacks Bull and Bear of the Day
Apple's (AAPL) fiscal Q3 earnings report was released Tuesday after the closing bell, with results better than expected on both top and bottom lines.
Mondelez (MDLZ) delivered earnings and revenue surprises of 0.00% and 1.51%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Mondelez has been aggressively investing in marketing and molding its products to attract consumers in emerging markets where rising demand for its Cadbury chocolates and Oreo cookies has countered sluggish sales in developed countries. The efforts lifted the company's second-quarter organic sales, which exclude the impact from acquisitions and currency changes, 7.6% in emerging markets. The Easter holiday also boosted demand for chocolates in the second quarter, especially in Europe, the company said.