RBC Capital lowered the firm’s price target on Mondelez (MDLZ) to $69 from $75 and keeps an Outperform rating on the shares.
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
Prices of cocoa — a key ingredient in chocolate — have increased relentlessly over the past year, forcing companies such as ...
The Fed's preferred gauge showed inflation largely stuck in neutral, days after the central bank paused rate cuts.
Cadbury-parent Mondelez International missed Wall Street estimates for fourth-quarter revenue on Tuesday, as higher prices for its chocolates and biscuits hurt demand during the crucial holiday season ...
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In 2016, Hershey rejected a $23 billion takeover bid from Mondelez, as written by Yahoo Finance. A significant factor in any potential acquisition is the Hershey Trust Company, which holds ...
After working at big banks including Citigroup and UBS, followed by a stint as information security for consumer goods giant Procter & Gamble, Kostas Georgakopoulos got an offer he couldn't refuse ...
Investing.com-- Wells Fargo downgraded Mondelez International Inc (NASDAQ:MDLZ) to "equal weight" from "overweight," slashing its price target to $61 from $74. Brokerage noted escalating macroeconomic ...
Mondelez International, Inc. MDLZ, a global leader in the snacking industry, has consistently demonstrated its ability to adapt and thrive, even amid difficult market dynamics. Known for its iconic ...