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 ...
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 ...
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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 ...