|Bid||54.21 x 900|
|Ask||54.22 x 3100|
|Day's Range||54.02 - 54.46|
|52 Week Range||38.78 - 56.72|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||20.03|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.14 (2.12%)|
|1y Target Est||61.16|
Consumption of snack foods is growing domestically but also throughout China. Mondelez CEO Dirk Van de Put joins Yahoo Finance’s Dan Roberts, Julia La Roche and Brian Cheung to discuss on YFi AM.
Mondelez CEO Dirk Van de Put joins Yahoo Finance’s Brian Sozzi and Julia La Roche to discuss the snacking industry around the world and, in particular, its growth in China on The First Trade.
Trick-or-Treaters will be loading up on candy this Halloween, a demand that could lead to 4% growth in candy sales over the next five years. Yahoo Finance’s Adam Shapiro and Julie Hyman discuss with Specialty Food Association President Phil Karafakis and Deutsche Bank Securities’ Chief Economist Torsten Slok.
Morgan Stanley offers their top picks in several categories of consumer stocks, as consumer spending remans the strongest part of the U.S. economy.
DEERFIELD, Ill., Dec. 05, 2019 -- The Board of Directors of Mondelēz International, Inc. today declared a regular quarterly dividend of $0.285 per share of Class A common.
Mondelez International (MDLZ) is benefiting from strong organic sales. The company's solid pricing, focus on innovation, and expansion across geographies and multiple platforms bode well.
If you take a look at a recent chart for Aurora Cannabis (NYSE:ACB), it actually looks like what happened with the dot-coms during 2000-2001 - that is, an ugly grinding bear move. It's one of those things that seem to have no end, shaking just about everyone's confidence.Of course, with the dot-coms, there were some huge opportunities as seen with Amazon (NASDAQ:AMZN) and Booking Holdings (NASDAQ:BKNG), formerly known as Priceline.So then, with Aurora Cannabis, might we be seeing something similar? Could this be the time to make a buy? Or, could this be more like a situation of eToys or Pets.com?InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, I'm in the optimist camp. * 7 Entertainment Stocks to Buy to Escape Holiday Blues True, this is not to ignore the nagging problems. And yes, they are considerable. The legalization of cannabis in the Canadian market has not lived up to the lofty expectations (again, this is a parallel to the dot-com glory days). Keep in mind that governmental authorities have been agonizingly slow, especially with licensing of retail outlets. To make up for this, black market activities have become a major factor.As for Aurora Cannabis in particular, the company has had some of its own self-inflicted wounds. Let's face it: management has been too aggressive with its spending. It also looks like it has missed opportunities to strike strategic financings.However, while all these are serious problems, the markets have been factoring all this into Aurora's stock price. The result is that the market cap is a much more palatable $2.6 billion, which is not bad for a premier company in the space. Aurora's AdvantagesEven with the challenges in the Canadian market, it is still a nice source of growth. In the latest quarter, revenues for Aurora spiked by nearly 140% to $22.4 million. The company also has a decent amount of cash in the bank at $316 million.But next year there will be another catalyst for growth in the Canadian market - that is, Cannabis 2.0. This is when it will be legal to sell hemp-based edibles.Now the predictions are wide, with some estimates at over $2 billion. But even if it is half this, it should provide a nice opportunity for Aurora.The company is prepared for this, having invested in offerings like vapes, gummies, chocolates, mints, cookies and so on. There should also be help from Aurora's strategic advisor, Nelson Peltz, who is one of the world's top investors for consumer stocks. Some of his positions are in companies like Procter & Gamble (NYSE:PG), Mondelez (NASDAQ:MDLZ), and Wendy's (NASDAQ:WEN).It also should be noted that Aurora is not just in the recreational cannabis space. The company actually has a diverse platform, which should help it deal better with market conditions. For example, Aurora has been able to build a strong medical business, with more than 40 researchers who have conducted a long list of clinical trials and case studies. The company currently serves about 84,000 patients and has a global platform that which reaches about 25 countries. Bottom Line on Aurora StockOn the latest earnings call, Aurora CEO Cam Battley had this to say: "The past few months have been challenging for the broader cannabis industry, between issues of governance, evolving consumer demand, and provincial retail bottlenecks. There's been no shortage of negative news. That said, I want to reiterate that our view of the opportunity in the Canadian and global cannabis industry is still extremely robust."I think he is spot-on. Taking the long view of things is the way to approach companies like Aurora. This means there will continue to be lots of stomach-churning volatility. But we are still in the early days with cannabis - and more importantly, Aurora is positioned to be a winner.Tom Taulli is the author of the 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 * 7 Things to Watch for into 2020 for Safer Income & Growth * 7 Entertainment Stocks to Buy to Escape Holiday Blues * 5 "Strong Buy" Biotech Stocks With More Than 80% Upside The post Aurora Stock: An Interesting Speculation for 2020? appeared first on InvestorPlace.
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
After several tireless days we have finished crunching the numbers from 752 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as we share […]
(Bloomberg) -- Indonesia may have lost its position as the world’s third-biggest cocoa producer because of slumping output, but its large population means the country is now an increasingly important market for chocolate, according to Mondelez International Inc.The owner of Cadbury and Toblerone brands sees chocolate consumption expanding strongly in Southeast Asia’s top economy, according to President Director of PT Mondelez Indonesia Sachin Prasad. One example is sales growth of 36% annually for Cadbury chocolate in the past three years, he said in an interview, and he expects sales to expand by more than 40% this year.The comments from Mondelez echo those from other executives from Olam International Ltd. to the International Cocoa Organization at a conference in Bali last week, who forecast strong consumption, especially in Asia, at a time of tight supply. The outlook for robust demand has helped push prices in New York to the highest level since May 2018.“People are spending a lot of time in commute, in traffic and everything, and lesser time is available for a proper meal,” Prasad said on Friday. “They’re engaging a little more time at their snack, so the number of snacking occasions is going up. There’s no stopping of growth” for chocolate overall, he said.Price is still an issue. To address that, Mondelez plans to sell more affordable chocolate -- at about one-third of the cheapest products in Indonesia -- to entice more consumer groups, Prasad said. In Asia, he sees Japan as one of the strong markets, driven mostly by local chocolate makers. The market is “very big, very mature, very evolved, and the moment that the consumer accepted the health benefits, it took a big upswing,” he said.Cocoa bean output in Indonesia has shrunk by more than half in the past decade as farmers battle disease and aging trees, and switch to more profitable crops such as palm oil. That’s turned the nation into a bean importer from major exporter. The ICCO estimates that the country may produce 220,000 tons of beans this year, making it only the world’s sixth-largest grower.The country bought a record amount of beans from overseas in 2018, and imports may rise further this year on higher grindings, according to the Cocoa Industry Association in May.To fix that, the Agriculture Ministry plans to start a long-term program to boost production to about 1.4 million tons by 2024 and to 2 million tons by 2045. Prasad called on cocoa stakeholders to work together to increase output. “If many parties can come together, the needle moves,” he said.Cocoa futures in New York for March delivery fell for the first time in seven days on Monday, declining 0.6% to $2,664 a ton.(Updates to add Monday price move in last paragraph)To contact the reporter on this story: Yoga Rusmana in Jakarta at email@example.comTo contact the editors responsible for this story: Anna Kitanaka at firstname.lastname@example.org, James PooleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Mondelēz Global LLC announced today a voluntary recall of a limited quantity of Cheese Nips (11 oz. Box) product in the United States due to the potential presence of small food-grade yellow plastic pieces from a dough scraper that was incorporated into the production process of a small amount of product. The company became aware of this issue when yellow plastic pieces were noticed on the manufacturing equipment.
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
Singles Day sales are climbing into the billions not just for Alibaba but other big e-commerce players in China.
Snack maker Mondelez will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds to consumer demands for healthier products, underlined by a survey released on Monday. Under pressure from governments and health advocacy groups in recent years, chocolate companies including Mondelez and Nestle have raced to develop products with less sugar, in smaller pack sizes and with prominent portion suggestions.
Snack maker Mondelez will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds to consumer demands for healthier products, underlined by a survey released on Monday. The online survey of 6,068 adults in 12 countries by the Harris Poll for Mondelez showed that 80% of consumers were looking for healthy, balanced snacks, although the same percentage was also still keen on indulgence. "We know consumers want options which is why we offer a range of products that taste great from wholesome to indulgent," Chris McGrath, vice president and chief of global impact, sustainability and wellbeing, told Reuters.
Mondelēz International today announced the launch of its first-ever State of Snacking™ report, a global consumer trends study examining the role snacking plays across the world in meeting consumers’ evolving needs: busy modern lifestyles, the growing desire for community connection and a more holistic sense of wellbeing. The study reveals the rise of global snacking, underscored by regional parallels demonstrating how snacks are helping lead the future of food by delivering on the spectrum of needs that exists in our day-to-day lives.
Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the policy-makers, enterprising individuals and scientists preparing for tomorrow. BreakFreeFromPlastic, a three-year-old organization of some 1,800 members working to tackle plastic pollution has called in the volunteers that tally top plastic polluters by brand, and the amount of refuse clogging the world’s waterways remains alarming.