|Bid||54.43 x 900|
|Ask||54.44 x 900|
|Day's range||54.40 - 54.86|
|52-week range||38.78 - 55.85|
|Beta (3Y monthly)||0.80|
|PE ratio (TTM)||21.32|
|Earnings date||28 Oct 2019 - 1 Nov 2019|
|Forward dividend & yield||1.14 (2.09%)|
|1y target est||61.45|
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.
SOUR PATCH KIDS and Trident VIBES have joined forces with Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (Nasdaq: ATVI) to “Fuel Your Game” with unique content for Crash Team Racing Nitro-Fueled. Specially marked packages of SOUR PATCH KIDS and Trident VIBES with Crash Bandicoot on them will include a code to unlock one of four exciting in-game items*. “We are thrilled that two of our beloved Mondelēz International brands have come together with Activision to provide exciting content for consumers.
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.
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.
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.
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.
CHICAGO/HAROHALLI, India (Reuters) - Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez's Cadbury Silk bars. As Satish and other Harohalli shopkeepers have found chocolate sales in India are taking off, helped by growth in disposable incomes that extends to the country's 650,000 poorer villages where more than two-thirds of the population reside. A boom in e-commerce and a sharp tax cut are also propelling sales higher, spurring global confectioners like Mondelez International Inc, Nestle SA and relative newcomer Hershey Co to invest further in the still small but rapidly expanding market.
Mondelez (MDLZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Coca-Cola's (KO) second-quarter 2019 earnings and sales benefit from the focus on consumer-centric innovation, solid core brand performance and improved execution in the marketplace.
(Bloomberg Opinion) -- Since the U.K. decided more than three years ago to leave the European Union, the nation's savviest investors have succeeded by putting their money where Brexit matters least.Uncertainty about the date of Britain’s departure (now pushed back to Oct. 31) and the terms of the divorce has meant purging the U.K. from their holdings or limiting them to investments traditionally impervious to man-made and natural disasters. Over 38 months, British sterling depreciated 16 percent, the worst shrinkage for any similar period in 8 years. The pound remains the poorest performer in the actively-traded foreign exchange market and inferior to the No. 3 euro.Europe's strongest major economy in the 21st century became a shadow of its former self, reversing two decades preceding the June 23, 2016 referendum when the U.K. outperformed the European Union in growth and investment. London's stock and bond markets similarly languished as laggards to world benchmarks, after beating them consistently in the 20 years prior to the decision to leave the EU, according to data compiled by Bloomberg.“If I give myself some credit, I would say that we acted reasonably fast liquidating U.K. shares” in 2016, said Ben Rogoff, whose Polar Capital Technology Trust PLC has been the most consistent winner out of the 212 British global funds with at least 1 billion pounds this year and during the past three years. His team's 114 percent total return (income plus appreciation) was 22 percentage points better than the Dow Jones World Technology Index, mostly because 68% of the fund is invested in the U.S., two-thirds of that in California companies, according to data compiled by Bloomberg. “It's all about the Internet and where do you get exposed to the Internet? The U.S. and China,” Rogoff said last month during an interview at Bloomberg in London.While Rogoff reduced his holdings of three California tech powers during the past year — Cupertino-based Apple Inc., Menlo Park-based Facebook and Santa Clara-based Advanced Micro Devices — he acquired more shares in Shenzhen-based Tencent Holdings Ltd., Hangzhou-based Alibaba Group Holding Ltd., South Korea's Samsung Electronics Co. and Tokyo-based Yahoo Japan Corp., according to data compiled by Bloomberg.The 46-year-old graduate of St. Catherine's College, Oxford, became the lead manager of the trust in 2006, “and at that time,” he said, “the U.K. weighting might have been 5% to 10%, so if you had already been backing away to the door, it's a lot easier to escape than if you built a career around being an expert in U.K. equities.” Since the Brexit referendum, he said, “There's just been a complete buyers' strike of U.K. equities.”Proof of such disdain comes with the crisis this year at the LF Woodford Equity Income Fund, Britain's most-prized investment when it was launched by star money manager Neil Woodford in 2014. The celebrated stock picker became even more prominent with his contrarian bullish stance on Brexit. The fund plummeted 31% during the past two years by holding a combination of large and small U.K. companies and has frozen redemptions indefinitely.“It's symptomatic of a broader problem,” Bank of England Governor Mark Carney told reporters earlier this month. “Our sense is that the financial-stability risks are increasing.”One U.K. investor who’s successfully resisted the trend away from domestic stocks is Nick Train, who manages Finsbury Growth & Income Trust. It returned 61% the past three years — more than twice the FTSE All-Share Index benchmark — as the most consistent one- and three-year performer among the 129 U.K.-based funds investing mostly in domestic stocks or bonds, according to data compiled by Bloomberg. Unlike Woodford, who doubled down on the British economy writ large, Train, a 60-year-old graduate of Queen’s College, Oxford, dramatically increased his holdings in consumer staples. These are the companies that make such essentials as food, beverages and household goods and can resist business cycles because their products always are in demand.Train, who declined to be interviewed, increased the consumer staples weighting relative to the benchmark to 27% from 23% in 2015 and he enhanced his holdings of Deerfield, Illinois-based Mondelez International Inc., which manufactures and markets packaged food products, and London-based Diageo PLC, the world's largest producer of spirits and beer, according to data compiled by Bloomberg.That's likely to be a safe bet as no one is counting on the British economy rebounding significantly from near the bottom of the EU while the uncertainty created by Brexit persists. “If you take a long view, then this may well be a great time to be investing in U.K. equity,” said Rogoff. “Thankfully, I don't have to make that binary call because there are very few U.K. companies I'm frankly interested in.”(Corrects location of Tencent Holdings headquarters in fifth paragraph of article published July 16.)\--With assistance from Shin Pei, Richard Dunsford-White, Kateryna Hrynchak and Suzy Waite.To contact the author of this story: Matthew A. Winkler at email@example.comTo contact the editor responsible for this story: Jonathan Landman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is a Bloomberg Opinion columnist. He is the editor-in-chief emeritus of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Hershey (HSY) is set to report its second-quarter results on Thursday. We expect Hershey’s sales and earnings to grow year-over-year, but that growth to be low.