Mondelez International에 대한 매도 수량은 투자자에게 Mondelez International의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Mondelez International (NASDAQ:MDLZ) 주식, 공매도 수량 보고

Mondelez International

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.

BROS

IVAC

MDLZ

ROKU

새로이 등장한 블록 인테백(NASDAQ:IVAC)은 태양전지나 하드디스크 드라이브와 같은 애플리케이션용 기술을 제조하는 회사로, 최근 변화를 겪었다. 과거의 구조조정 문제를 뒤로하고, 이 회사의 예상 EBITDA는 훨씬 건강해 보인다. 이제 투자은행 훌리한 로키(Houlihan Lokey)가 어떤 전략적 대안이 있는지 탐색 중인데, 이는 기본적으로 거래를 원하는 누구와도 대화를 나누고 있다는 뜻이다.

딜 디스패치: 허쉬와 몬델리즈의 인수 협상, 훌리한이 인테백을 쇼핑, 어니언과 인포워스 등

News

Movers

초콜릿 제조사 허쉬 컴퍼니(NYSE:HSY) 주가는 수요일 하락했다. 허쉬 의결권의 80%를 보유한 허쉬 트러스트 컴퍼니가 몬델레즈 인터내셔널(NASDAQ:MDLZ)의 예비 입찰을 거절했기 때문이다.

허쉬 주가 5% 하락한 이유는?

더 허쉬 컴퍼니(NYSE:HSY)의 주식은 월요일 10% 이상 상승 마감했는데, 이는 오레오(Oreo)와 리츠(Ritz) 등 브랜드 소유주인 몬델리즈 인터내셔널(NASDAQ:MDLZ)이 허쉬 인수 가능성을 탐색하고 있다는 보도에 따른 것이다.

초콜릿 회사인 허쉬의 주식이 월요일 10% 이상 상승 마감: 무슨 일이?

Mondelez International, Inc. - Class A Common Stock

Mondelez International Inc

<h2 class="wp-block-heading">New On The Block</h2>
Intevac, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>), which manufactures technologies for applications like solar cells and hard disk drives, has undergone a makeover. With its old restructuring woes in the rearview mirror, the company&#8217;s forecasted EBITDA is looking a lot healthier — basically, it&#8217;s flexing its financial muscles. Now, investment bank Houlihan Lokey is putting out feelers to see what kind of strategic alternatives are out there, which basically means they're chatting with anyone who might want <a href="https://www.benzinga.com/topic/mergers-and-acquisitions">to ink a deal</a>.
<h2 class="wp-block-heading">Updates From The Block</h2>
Hershey Trust Co., holding a hefty 80% of the voting power at The Hershey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), recently told Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) to try again after <a href="https://www.benzinga.com/news/24/12/42398159/whats-going-on-with-hershey-stock-monday">rejecting their preliminary bid</a>, calling it &#8220;too low,&#8221; according to <a href="https://www.bloomberg.com/news/articles/2024-12-11/hershey-s-main-owner-said-to-reject-mondelez-s-offer-as-too-low?sref=TBDibEcD&amp;embedded-checkout=true">Bloomberg</a>. Meanwhile, Mondelez is wrestling with skyrocketing cocoa and coffee prices, possibly using that stress as fuel for their merger plans. Cocoa prices have gone through the roof—up over three times in the past year, and there was a 20% leap between October and November alone. Blame it on bad weather in cocoa-growing regions, shrinking global inventories, and the usual supply chain drama. Even BofA Securities analyst Peter T. Galbo jumped in, noting that Hershey looks like a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42483141/hershey-merger-talks-fail">pretty tasty merger target</a> amid all the cocoa chaos​.
Nippon Life Insurance wants to acquire all the shares it doesn&#8217;t already own in Resolution Life Group Holdings. The all-cash deal of $8.2 billion is the largest overseas acquisition ever by a Japanese insurer. It&#8217;s also only the second major deal Nippon Life has announced this year. It's clear that Japanese insurers, like Nippon Life, are on the lookout for opportunities abroad.
See Also: <a href="https://www.benzinga.com/general/space/24/12/42376708/nasa-mission-to-land-humans-on-moon-delayed-artemis-3-now-slated-for-mid-2027">NASA Mission To Land Humans On Moon Delayed &#8211; Artemis 3 Now Slated For&#8230;</a>
<h2 class="wp-block-heading">Off The Block</h2>
Dow agreed to sell a 40% stake in its U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion. The new partnership, cheekily named Diamond Infrastructure Solutions, will act as a go-to provider of top-tier infrastructure services for Dow and other industrial clients in Texas and Louisiana.
Novolex, the packaging giant backed by Apollo Global Management, has sealed the deal to acquire Pactiv Evergreen. The price hovers around <a href="https://www.benzinga.com/24/12/42395976/pactiv-evergreen-realreal-kodiak-sciences-and-other-big-stocks-moving-higher-on-monday">$3.22 billion</a>. The Wall Street Journal <a href="https://www.wsj.com/articles/apollo-backed-novolex-to-buy-pactiv-evergreen-for-3-22-billion-0e4815cf">reported</a> that the price tag equates to about $18 per share in cash, which is a sweet 23% premium over the stock's closing price of $14.66 on Dec. 6. It's also about 32% above where Pactiv's stock was trading on Dec. 2, right before rumors started flying about Apollo sniffing around for a takeover. 
<h2 class="wp-block-heading">Bankruptcy Block</h2>
The Onion's owners are upset with a bankruptcy judge for nixing their winning bid to buy Alex Jones&#8216; Infowars company. A federal bankruptcy judge declared <a href="https://www.benzinga.com/media/24/11/41982446/jokes-on-jones-onion-backed-by-families-of-sandy-hook-victims-buys-info-wars">last month's auction</a> and The Onion's offer "flawed," citing issues like a lack of transparency and an uneven playing field, as well as the failure to maximize value for Jones' creditors. This decision came after Elon Musk <a href="https://www.benzinga.com/24/11/42229130/elon-musks-x-objects-to-sale-of-conspiracy-theorist-alex-joness-infowars-accounts-to-the-onion-claims-ownership-over-joness-social-media">stirred the pot</a>. Jones vowed that even if Infowars gets shut down, he'll simply move his operations to his backup studios and keep broadcasting via satellites, stations, and of course, Musk&#8217;s X platform. Despite all the drama, the ruling was a rare victory for Jones, who's been battling legal claims from the families of victims from the Sandy Hook tragedy, which he defamed by calling it a hoax.
<h2 class="wp-block-heading">Notes From The Block</h2>
Fitch Ratings <a href="https://www.fitchratings.com/research/corporate-finance/us-corporate-m-a-could-accelerate-in-2025-credit-implications-mixed-02-12-2024">identified</a> several sectors with ample dry powder and legroom for acquisitions. They include construction, aerospace, gaming and leisure, healthcare, banking, and tech. Benzinga narrowed down which companies, based on growth potential and brand recognition, will likely attract suitors in 2025. These are primarily mid-size firms with market caps between $5 and $12 billion.
<ul>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>): This takeover target boasts expanding profits, minimal debt load, strong brand recognition, and potentially untapped markets in the coffee-crazed northeastern U.S.</li>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>): On Dec. 10, news broke that Sycamore Partners was <a href="https://www.benzinga.com/24/12/42421855/walgreens-stock-jumps-on-report-of-potential-private-equity-sale-what-you-need-to-know">exploring an acquisition</a> of Walgreens, who intend to take the company private and potentially split up its divisions.</li>
<li>Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>): ROKU's market cap is just under $12 billion, which is couch cushion cash for companies like Disney, Netflix, or Apple that could benefit from adding a hardware supplier</li>
<li>Zoom Video Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>): With a $26 billion market cap, Zoom needs a buyer with deep pockets like Google, Microsoft, or Apple, but the company has plenty of positive free cash flow and a sturdy balance sheet.</li>
</ul>
For <a href="https://www.benzinga.com/trading-ideas/24/12/42473024/5-merger-and-acquisition-targets-to-buy-before-trump-takes-over">more coverage, click here</a>.
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/markets/24/12/42378209/deal-dispatch-ubisoft-in-buyout-talks-dental-supplier-explores-sale-beloved-drive-through-goes-bankrupt">click here</a>.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42391429/canopy-growth-closes-acreage-deal-expanding-us-cannabis-portfolio-heres-what-investors-need-to-know">Canopy Growth Wraps Up Acreage Acquisition Expanding US Cannabis Portfolio, What Investors Need To Know</a></li>
</ul>

Deal Dispatch: Hershey Wants More From Mondelez, Houlihan Shops Intevac, Onion And Infowars Saga Continues

Bank of America Securities and other experts are weighing in on the breakdown in merger talks between The Hershey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) and <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42446249/whats-going-on-with-hershey-shares-wednesday">Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>). </a>
What Happened: Early Wednesday morning, Mondelez announced a new $9 billion share repurchase program. The Chicago-based company also addressed its M&amp;A strategy while reports of deal discussions with Hershey swirled.
In a <a href="https://www.benzinga.com/pressreleases/24/12/g42435009/mondel-z-international-approves-new-9-billion-share-repurchase-authorization-and-declares-regular-">press release</a>, Mondelez confirmed that it remains &#8220;committed to its key capital allocation priorities.&#8221; Those priorities include &#8220;reinvesting in brands and capabilities, returning capital to shareholders through share repurchases and dividends, and M&amp;A.&#8221;
Its acquisition strategy will focus on bolt-on assets similar to recent purchases of Chipita, Clif and Ricolino.
Later on Wednesday, it was reported that Hershey Trust Co., which holds 80% of the voting power in Hershey Co., turned down a<a href="https://www.benzinga.com/news/24/12/42398159/whats-going-on-with-hershey-stock-monday"> preliminary bid</a> from Mondelez. Hershey said the offer was too low, <a href="https://www.bloomberg.com/news/articles/2024-12-11/hershey-s-main-owner-said-to-reject-mondelez-s-offer-as-too-low?sref=TBDibEcD&amp;embedded-checkout=true">according</a> to Bloomberg. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42440681/markets-have-the-green-light-to-rally-after-novembers-yawner-inflation-report-experts-say">&#8216;Markets Have The Green Light To Rally&#8217; After November&#8217;s &#8216;Yawner&#8217; Inflation Report, Experts Say </a>&nbsp;
Expert Insights: Steve Powers, Deutsche Bank managing director, told CNBC on Thursday that Mondelez is facing several challenges including high cocoa and coffee prices which may be one of the drivers behind the company&#8217;s merger strategy. 
Cocoa prices have more than tripled over the past year, climbing 20% from October to November alone. Cocoa prices have been <a href="https://www.focus-economics.com/commodities/agricultural/cocoa/">driven higher</a> by adverse weather conditions in regions where its grown, decreased global inventories and supply uncertainty. 
BofA Securities analyst Peter T. Galbo made similar observations on the price of cocoa and highlighted Hershey as an attractive merger candidate for global confectionary companies due to its strong North American market share and modernized manufacturing network.&nbsp;
Galbo also noted that self-help has been a recurring theme in consumer staples and portfolio reshaping through mergers, acquisitions and divestitures is prominent in the industry when companies seek new growth opportunities. 
MDLZ Buyback: The BofA analyst said Mondelez's newly announced $9 billion share repurchase authorization was likely coincidental and unrelated to merger talks with Hershey.&nbsp;
He pointed to funds received from its sale of JDE Peet's, recent stock performance and only $2.8 billion remaining on its prior authorization as the most likely factors contributing to the expanded buyback program.
BofA Securities analyst Peter T. Galbo maintained a Buy rating and $82 price objective on Mondelez stock.
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Hershey shares are down .11% at $183.75 in pre-market trading Friday.
Mondelez shares are down 0.69% at $62.20 at the time of publication Friday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a></li>
</ul>
Image: Shutterstock

Analyst Color

Buybacks

Analyst Ratings

Hershey Merger Talks Melt: Did High Cocoa Prices, Mondelez Buyback Program Hurt Deal?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs analyst Noah Poponak downgraded the rating for General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) from Neutral to Sell and lowered the price target from $283 to $245. General Dynamics shares closed at $265.43 on Wednesday.<a href="https://www.benzinga.com/quote/GD/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Deutsche Bank analyst Stephen Powers downgraded Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) from Buy to Hold and cut the price target from $78 to $67. Mondelez shares closed at $62.69 on Wednesday. <a href="https://www.benzinga.com/quote/MDLZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Curt Woodworth downgraded Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) from Buy to Neutral and lowered the price target from $171 to $156. Nucor shares closed at $138.44 on Wednesday. See how other analysts view this stock.</li>
<li>Keybanc analyst Brandon Nispel downgraded the rating for T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) from Overweight to Sector Weight and maintained the price target of $252. T-Mobile US shares closed at $234.34 on Wednesday. <a href="https://www.benzinga.com/quote/TMUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Chris Carey downgraded the rating for The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from Equal-Weight to Underweight and slashed the price target from $175 to $160. Hershey shares closed at $177.00 on Wednesday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying HSY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="591" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12095131/image-104-1024x591.png" alt="" class="wp-image-689625" style="width:470px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12095131/image-104-1024x591.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12095131/image-104-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12095131/image-104-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12095131/image-104.png 1103w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>

Downgrades

Markets

Trading Ideas

TMUS

This Hershey Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday

Deutsche Bank analyst Stephen Powers downgrades Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) from Buy to Hold and lowers the price target from $78 to $67.

Price Target

Deutsche Bank Downgrades Mondelez International to Hold, Lowers Price Target to $67

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) stock is moving lower on Wednesday. The Hershey Trust Co., holding 80% of the voting power in Hershey, turned down a <a href="https://www.benzinga.com/news/24/12/42398159/whats-going-on-with-hershey-stock-monday">preliminary bid</a> from Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>).
The Details: The Hershey Trust rejected the bid, citing that the offer was too low, according to <a href="https://www.bloomberg.com/news/articles/2024-12-11/hershey-s-main-owner-said-to-reject-mondelez-s-offer-as-too-low?sref=TBDibEcD&amp;embedded-checkout=true">Bloomberg</a>. In 2016, the two companies attempted to reach an acquisition agreement, but talks stalled after Hershey turned down a $23 billion bid.
 If the companies reach an agreement, the acquisition could create a food conglomerate with a combined revenue of about $50 billion.
What Else: Today, Mondelez <a href="https://www.benzinga.com/24/12/42439792/mondelez-shares-surge-on-unveiling-9-billion-share-repurchase-program">announced</a> a $9 billion share repurchase program. The share repurchase authorization will begin Jan. 2025 and last through Dec. 2027. 
This new authorization will take the place of the existing $6 billion program, which has about $2.8 billion remaining and is set to expire at the end of 2025.
In the press release announcing the new repurchase program, Mondelez stated it, &#8220;remains committed to its key capital allocation priorities, which include reinvesting in brands and capabilities, returning capital to shareholders through share repurchases and dividends, and M&amp;A.&#8221;
It then stated, &#8220;Given current market conditions, share repurchase remains an opportunity and key priority. The company remains committed to an acquisition strategy that is focused on bolt-on assets similar to recent acquisitions of Chipita, Clif and Ricolino.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/12/42441647/whats-going-on-with-trade-desk-ttd-stock">What&#8217;s Going On With Trade Desk (TTD) Stock?</a>
HSY Price Action: At the time of writing, Hershey stock is trading 6.52% lower at $174.98, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image by Melissa from Pixabay

What's Going On With Hershey Shares Wednesday?

Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) Board of Directors approved a new share repurchase program of up to $9 billion in Class A common stock, effective January 1, 2025, and lasting until December 31, 2027.
This new authorization will replace the current $6 billion program, of which approximately $2.8 billion remains and would otherwise expire at the end of 2025.
Dividend: The Board of Directors also declared a quarterly dividend of 47 cents per share of Class A common stock.
The dividend will be payable on January 14, 2025, to shareholders of record as of the close of business on December 31, 2024.
Earlier in July, Mondelez raised its quarterly dividend by 11%, from 42.5 cents<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40078219/mondelez-analysts-boost-their-forecasts-after-upbeat-earnings" rel="noreferrer noopener"> to 47 cents per share</a>.
Chairman and CEO Dirk Van de Put said, &#8220;Our new $9 billion share repurchase authorization reflects the strength of our business with robust profit dollar and cash flow growth to reinvest in brands and capabilities while also returning significant capital to our shareholders.&#8221;
&#8220;We continue to make significant progress against our strategy of accelerating growth and focusing our portfolio in the attractive, resilient categories of chocolate, biscuits and baked snacks.&#8221;
With 2023 net revenues of approximately&nbsp;$36 billion, Mondelez holds iconic global and local brands such as&nbsp;Oreo,&nbsp;Ritz, LU, Clif&nbsp;Bar&nbsp;and&nbsp;Tate&#8217;s Bake Shop&nbsp;biscuits and baked snacks, as well as&nbsp;Cadbury Dairy Milk,&nbsp;Milka&nbsp;and&nbsp;Toblerone&nbsp;chocolate.&nbsp;
Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Food &amp; Beverage ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXG#NASDAQ">FTXG</a>) and iShares U.S. Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYK#NYSE">IYK</a>).
Price Action: MDLZ shares are up 3.77% at $64.08 at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content" target="_blank" rel="noreferrer noopener">Google&#8217;s Veo Video Generator Arrives On Cloud: How Oreo Maker Mondelez Is Using AI For Creative Content</a></li>
</ul>
Photo by Achmad Agus Ilyas via Shutterstock.

Equities

Dividends

FTXG

iShares Trust Dow Jones USnsumer Goods Sector Index Fund

Snacks Giant Mondelez Unwraps $9 Billion Stock Buyback Plan; Stock Gains

Mondelēz International Approves New $9B Share Repurchase Authorization, Replacing Current $6B Authorization

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) stock is moving higher on Monday following a report suggesting that Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), owner of brands like Oreo and Ritz, is exploring a potential acquisition of the company.
The Details: A successful acquisition could result in the formation of a food conglomerate with a combined revenue of around $50 billion, according to<a href="https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey?embedded-checkout=true"> Bloomberg</a>, citing sources familiar with the matter.
Mondelez has initiated an initial inquiry regarding a potential merger. Mondelez and Hershey have engaged in merger discussions before. In 2016, discussions fell apart after Hershey rejected a $23 billion bid.
Any potential deal would need approval from Hershey Trust Co., which holds nearly all of the Class B stock in Hershey, granting it around 80% of the company&#8217;s voting power. Also, there is no guarantee that the two companies will come to an agreement.
Why It Matters: The food industry is facing challenges like slower growth and changing consumer preferences, as shoppers become more mindful of both costs and health. This shift has prompted companies to seek new ways to expand, possibly leading to more mergers and acquisitions to stay competitive.
In addition, a successful merger could create a stronger player in the food industry. This might allow the combined company to have more influence over competitors and market trends.
Related Link: <a href="https://www.benzinga.com/insights/options/24/12/42395482/unpacking-the-latest-options-trading-trends-in-lam-research">Unpacking the Latest Options Trading Trends in Lam Research</a>
HSY Price Action: At the time of writing, Hershey stock is trading 14.2% higher at $199.52, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Pixabay

What's Going On With Hershey Stock Monday?

WIIM

Mondelez shares are trading lower following a Bloomberg report suggesting the company is exploring a potential acquisition of Hershey.

<a href="https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey?srnd=homepage-europe" title="https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey?srnd=homepage-europe">https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey?srnd=homepage-europe</a>

'Mondelez Exploring Takeover Of U.S. Chocolate Maker Hershey; Chicago-Based Mondelez Has Made A Preliminary Approach; Mondelez Walked Away From Potential Hershey Deal In 2016' - Bloomberg News

Wells Fargo analyst Chris Carey maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and lowers the price target from $78 to $74.

Wells Fargo Maintains Overweight on Mondelez International, Lowers Price Target to $74

On Tuesday, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google introduced its Veo video generator to select Cloud customers.
What Happened: The AI model, capable of creating short video clips from images and prompts, is now available in private preview on Vertex AI, Google&#8217;s AI development platform.
Veo&#8217;s introduction will allow Quora to integrate the tool into its Poe <a href="https://www.benzinga.com/news/24/01/36572871/quoras-vision-for-ai-chatbots-takes-a-giant-leap-with-75m-funding-from-silicon-valleys-andreessen-ho">chatbot platform</a>, while Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), maker of Oreo, plans to use it for marketing content creation with agency partners.
Initially unveiled in April, Veo can produce 1080p clips of up to six seconds, capturing various visual styles and making edits to existing footage.
In a blog post, Warren Barkley, senior director of product management at Google Cloud, stated that the model has been upgraded for enterprise readiness. It now supports high-definition video creation in different aspect ratios.
See Also: <a href="https://www.benzinga.com/24/12/42256614/trumps-ai-czar-plans-alibabas-new-model-cathie-wood-on-tesla-ai-and-musks-combat-transformation-this-week-in-artificial-intelligence?itm_source=parsely-api">Trump&#8217;s AI Czar Plans, Alibaba&#8217;s New Model, Cathie Wood On Tesla AI, And Musk&#8217;s Combat Transformation: This Week In Artificial Intelligence</a>
Veo&#8217;s training involved high-quality, curated datasets, with Google maintaining that its models are primarily trained on publicly available sources.
The tech giant has implemented prompt-level filters and an indemnity policy to address potential copyright issues, ensuring a defense for eligible Veo users against infringement allegations.
Moreover, Google also announced that its flagship image generator, Imagen 3, is now accessible to all Vertex AI customers without the need for a waitlist.
However, its new customization and image editing features are currently available only through a separate waitlist.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The launch of Google&#8217;s Veo video generator comes amid a competitive landscape where major tech companies are racing to innovate in AI-driven video technology.
In February, OpenAI, the maker of ChatGPT, <a href="https://www.benzinga.com/24/11/42206104/openais-sora-video-model-leak-exposes-deep-rift-with-artists-unpaid-rd-pr-puppets-and-content-approval-fury-what-you-need-to-know">launched its video generator</a>, the Sora AI model. Since its high-profile debut, Sora has faced significant challenges, with errors in video generation quickly highlighting its weaknesses.
Last week, reports surfaced that a group of beta testers leaked the unreleased Sora model, protesting OpenAI&#8217;s handling of artists.
In September 2024, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) introduced a beta version of its <a href="https://www.benzinga.com/news/24/09/40960339/amazons-ai-effort-takes-aim-at-a-household-name-with-new-video-technology">AI-powered video generation tool</a>, targeting advertisers. This move positioned Amazon to compete with Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), which is also <a href="https://www.benzinga.com/markets/equities/24/09/40819405/adobe-shakes-up-video-editing-with-ai-powered-creation-tools-whats-on-the-cards">advancing its AI capabilities</a> with the Firefly Video Model.
Later in October, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also launched Movie Gen, a tool for <a href="https://www.benzinga.com/top-stories/24/10/41188250/metas-movie-gen-brings-ai-powered-video-audio-creation-to-all">creating high-quality videos</a>, images, and audio from text prompts.
Price Action: As of this update, Alphabet&#8217;s Class A shares increased by 0.14% in after-hours trading, reaching $171.58, while Class C shares rose by 0.098% to $173.19. During Tuesday&#8217;s regular session, Class A shares fell by 0.087% to $171.34, while Class C shares gained 0.023%, closing at $173.02, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it">iOS 18 Includes Apple's New Passwords App with End-to-End Encryption: Here's How You Use It</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Tech

ADBE

AMZN

GOOG

GOOGL

Google's Veo Video Generator Arrives On Cloud: How Oreo Maker Mondelez Is Using AI For Creative Content

Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">and fresh economic data.</a>
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates. This marks a slight deceleration from the previous quarter's 3% pace and falls short of analyst expectations of 3%.
On the employment front, the ADP National Employment report showed private payrolls surged by 233,000 in October —well above the 115,000 forecast and a significant increase from the revised 159,000 in September. This stronger-than-expected job growth underscores the resilience of the labor market ahead of Friday&#8217;s official jobs report.
In corporate news, Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dropped 10% after posting quarterly results that met expectations but failed to excite investors. The decline in AMD shares dragged down the broader semiconductor sector, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) sliding over 3%.
In contrast, Alphabet Inc. jumped more than 5% following a robust earnings report that beat Wall Street expectations, boosting optimism around mega-cap tech stocks.
At midday, major U.S. indexes were trading mixed. The S&amp;P 500 and the tech-heavy Nasdaq 100 remained flat, while the small-cap Russell 2000 outperformed with a 0.5% gain.
Gold prices extended all-time highs, up 0.5% to $2,787 per ounce. Oil prices surged 2%, fueled by supply concerns.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.8% to $72,100, pulling back from recent highs.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,246.40</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,309.80</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,838.86</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,505.98</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $582.16.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.2% to $423.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.2% to $499.18.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $222.76.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up by 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) tumbled 33% after auditors Ernst &amp; Young announced their resignation amid reporting issues, five days ahead of the company&#8217;s earnings report. </li>
</ul>
Large-cap stocks reacting to earnings were:
<ul>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), down 8%, </li>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), up 3.6%, </li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) up over 5%, </li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), down 1.4%, </li>
<li>Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), down 1%,</li>
<li>Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), up 1%, </li>
<li>Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), down over 7%, </li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), up 15%,</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), up 38%, </li>
<li>Automatic Data Processing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>), up 1%, </li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), up 24%. </li>
</ul>
Major companies reporting earnings after the close Wednesday include Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), and Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41629264/alphabets-earnings-rally-pushes-magnificent-7-market-cap-to-record-16-8-trillion-10-tech-heavy-e">Alphabet&#8217;s Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday</a></li>
</ul>
Photo via Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Earnings

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

ETFs

$BTC

ABBV

AMGN

BKNG

SPDR Dow Jones Industrial Average ETF Trust

GRMN

MSFT

RDDT

SMCI

SNAP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Wall Street Mixed, Semiconductors Tumble As AMD Disappoints, Alphabet Rallies, SMCI Plummets: What's Driving Markets Wednesday?

Piper Sandler analyst Michael Lavery maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and raises the price target from $74 to $84.

Piper Sandler Maintains Overweight on Mondelez International, Raises Price Target to $84

Wells Fargo analyst Chris Carey maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and lowers the price target from $82 to $78.

Wells Fargo Maintains Overweight on Mondelez International, Lowers Price Target to $78

Mondelēz International To Acquire Majority Stake In Chinese Cake And Pastry Maker Evirth; Deal Expected To Close In Q4 2024 Pending Regulatory Approval; Incurred $2M In Acquisition Costs Last Quarter

Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.85 by 16.47 percent. The company reported quarterly sales of $9.20 billion which beat the analyst consensus estimate of $9.11 billion by 1.08 percent. This is a 1.94 percent increase over sales of $9.03 billion the same period last year.

Earnings Beats

Mondelez International Q3 2024 Adj EPS $0.99 Beats $0.85 Estimate, Sales $9.20B Beat $9.11B Estimate

Wall Street took a breather on Tuesday, with most major indices treading water, while tech stocks saw gains as investors braced for earnings <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">reports from mega-cap companies.</a>
The Nasdaq 100 rose 0.7%, buoyed by anticipation around upcoming earnings from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), both set to report after market close.
Elsewhere, the S&amp;P 500 was largely unchanged, the Dow Jones dipped slightly, and small-cap stocks underperformed.
In economic news, U.S. job openings dropped by 418,000 to 7.443 million in September 2024 — marking the lowest level since January 2021 and falling short of the market's expectation of 7.99 million.
The Conference Board&#8217;s Consumer Confidence Index surged, posting its largest monthly gain since March 2021. This suggests that while labor demand may be slowing, consumer sentiment remains robust.
Treasury yields continued to climb during concerns over the U.S. budget deficit and political uncertainty ahead of next week's elections. The yield on the 10-year Treasury note hit 4.33%, the highest level since early July.
Notably, gold prices remained resilient, with the precious metal breaking above the all-time high of $2,770 per ounce as investors sought a hard asset amid fiscal concerns.
The crypto market also saw notable gains. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose nearly 4% to reach $72,700, nearing its record high of $73,697 set in March. Dogecoin (CRYPTO: DOGE) continued its momentum with a 10% rally on Tuesday, following an 11% surge on Monday.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,500.69</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,831.03</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,272.72</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,226.40</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $581.48.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;dipped 0.3% to $422.93.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.7% to $498.73.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $221.01.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 1.1%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.7%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
Stocks reacting to earnings reports included: 
<ul>
<li>McDonalds Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), down 0.4%, </li>
<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), down 1.7%, </li>
<li>PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), down over 4%, </li>
<li>Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>), down 1%, </li>
<li>Enterprise Product Partner L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) down 0.3%, </li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) up 3.5%, </li>
<li>D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), down 8.6%, </li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), down 3.9%, </li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), down 1.5%, </li>
<li>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), up 7.8%, </li>
<li>Ford Motor Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/F#NASDAQ">F</a>), down 8%, </li>
<li>SoFi Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NYSE">SOFI</a>), down 6.3%, </li>
<li>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NASDAQ">SWK</a>), up 9.4%</li>
</ul>
Among large-cap companies slated to report earnings after the close are Alphabet, Advanced Micro Devices, Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Stryker Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) and Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>).
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41599323/6-economic-frights-that-could-haunt-markets-this-halloween-a-tipping-point-for-risk">6 Economic Frights That Could Haunt Markets This Halloween: &#8216;A Tipping Point For Risk Appetite,&#8217; Analysts Warn</a></li>
</ul>
Photo: Shutterstock

Bonds

MSCI

PYPL

SOFI

Tech Stocks Rise Ahead Of Key Earnings, Gold Smashes Records, Bitcoin Nears All-Time Highs: What's Driving Markets Tuesday?

Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Mondelez International to report an earnings per share (EPS) of $0.85.
The market awaits Mondelez International's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.07, leading to a 1.94% increase in the share price the following trading session.
Here's a look at Mondelez International's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.79</td>
<td>0.83</td>
<td>0.77</td>
<td>0.74</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.86</td>
<td>0.95</td>
<td>0.84</td>
<td>0.82</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>-1.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730124151_0.png" alt="eps graph" />
<h3>Mondelez International Share Price Analysis</h3>
Shares of Mondelez International were trading at $69.23 as of October 25. Over the last 52-week period, shares are up 5.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Mondelez International</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Mondelez International.
The consensus rating for Mondelez International is Buy, derived from 10 analyst ratings. An average one-year price target of $79.4 implies a potential 14.69% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Kraft Heinz, General Mills and Hershey, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>For Kraft Heinz, analysts project an Neutral trajectory, with an average 1-year price target of $37.0, indicating a potential 46.55% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for General Mills, with an average 1-year price target of $75.55, indicating a potential 9.13% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Hershey, with an average 1-year price target of $187.33, indicating a potential 170.59% upside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Kraft Heinz, General Mills and Hershey, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mondelez International</td>
<td>Buy</td>
<td>-1.93%</td>
<td>$2.80B</td>
<td>2.14%</td>
</tr>
<tr>
<td>Kraft Heinz</td>
<td>Neutral</td>
<td>-3.65%</td>
<td>$2.29B</td>
<td>0.21%</td>
</tr>
<tr>
<td>General Mills</td>
<td>Neutral</td>
<td>-1.15%</td>
<td>$1.69B</td>
<td>6.21%</td>
</tr>
<tr>
<td>Hershey</td>
<td>Neutral</td>
<td>-16.70%</td>
<td>$833.75M</td>
<td>4.46%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Mondelez International ranks at the top for Gross Profit and Return on Equity among its peers. However, it ranks at the bottom for Revenue Growth.
<h3>Get to Know Mondelez International Better</h3>
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.
<h3>Understanding the Numbers: Mondelez International's Finances</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining Mondelez International's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -1.93% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Consumer Staples sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Mondelez International's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.2%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Mondelez International's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.14%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Mondelez International's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.8%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Mondelez International's debt-to-equity ratio is below the industry average at 0.73, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/MDLZ/earnings">To track all earnings releases for Mondelez International visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Mondelez International's Earnings

Stifel analyst Matthew Smith maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy and raises the price target from $75 to $82.

Stifel Maintains Buy on Mondelez International, Raises Price Target to $82

Wall Street Lunch: CPI 'On The Sticky Side' For November

Deutsche Bank downgraded Mondelez (MDLZ) to Hold from Buy with a price target of $67, down from $78. The firm cites the recent run-up in cocoa pric...

Mondelez downgraded to Hold from Buy at Deutsche Bank

BofA reinstated coverage of Hershey (HSY) with a Neutral rating and $180 price target after Bloomberg reported merger talks with Mondelez (MDLZ) ha...

Hershey reinstated with a Neutral at BofA

2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables

Hershey ticks lower amid downgrade to underweight at Wells Fargo on earnings risk

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Adobe downgraded, Charter upgraded: Wall Street's top analyst calls

American Century Growth Fund Q3 2024 Commentary

Best Way To Invest $100,000: Build An 8-Stock Portfolio For Growth And Value

Key deals for the week: Patterson, Hershey & Mondelez, AIG & Nippon and more

Buying chocolatier Hershey looks like a nutty idea. Mondelez International, the maker of Oreo cookies and Cadbury Dairy Milk bars, may nonetheless give it a shot eight years after a previous bid failed. Crunching the numbers leaves a bitter taste.

Hershey Would Be A Bitter Confection To Swallow

AAPL

ADSK

AMCR

AVGO

BALL

BERY

CHTR

CMCSA

COST

CRBG

CRWD

CSCO

CTLT

CTVA

DDOG

DXCM

EEFT

GTLB

HEPA

HURA

INTC

ISRG

KEYS

LRCX

NFLX

NONOF

NVDA

ORCL

PATH

PDCO

PTVE

QCOM

RVNC

SBUX

SNPS

TEAM

TMVWF

TMVWY

TSLA

TTWO

TUWLF

TWLO

UBER

UPBD

Press Releases

SKUx and Mondelēz International Complete First Phase of Hedera Distributed Ledger Technology Innovation Project

JAB Acquires Mondelez's Stake in JDE Peet's and Distributes Shares to Outside Investors to Significantly Increase Free Float

Mondelēz International Reports Q3 2024 Results

TOBLERONE® Introduces the Crown Jewel of the Holiday Season

Entertainment

General

CHIPS AHOY! TEAMS UP WITH BIG SEAN TO CELEBRATE ITS BIGGEST INNOVATION YET WITH AN EXCLUSIVE NEW BIG CHEWY COOKIE MERCH COLLABORATION

Management

Mondelēz International Names Volker Kuhn Executive Vice President for Europe

RITZ CONFIRMS BIG GAME DEBUT IN 2025

Mondelēz Global LLC Partners with ISN® to Expand Contractor Management to Give & Go Business Unit

Mondelēz International Approves New $9 billion Share Repurchase Authorization and Declares Regular Quarterly Dividend

RITZ Bits Cracker Sandwiches Heat Up The Snack Aisle With Bold New Spicy Queso Flavor

Conagra Brands

Cal-Maine Foods

The Campbell`s

Flowers Foods

Freshpet

General Mills

Hormel Foods

Hershey

J&J Snack Foods

Kellanova

Kraft Heinz

WK Kellogg

Lancaster Colony Corporation - Common Stock

Lancaster Colony

Lamb Weston Hldgs

McCormick & Company, Incorporated Common Stock

McCormick & Co

Nomad Foods

Post Holdings

Pilgrim's Pride Corporation - Common Stock

Pilgrims Pride

Seaboard

JM Smucker

The Simply Good Foods Company - Common Stock

Simply Good Foods

Tootsie Roll Industries, Inc. Common Stock

Tootsie Roll Industries

Comments

Mondelez International

매도 수량

Mondelez International (NASDAQ:MDLZ) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌