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Stock Market & Financial Investment News

News Breaks
December 10, 2013
08:04 EDTKRFT, CHD, K, MDLZ, HSYCredit Suisse to hold a conference
Global Consumer IR Day is being held in London, England on December 10.
News For CHD;HSY;K;KRFT;MDLZ From The Last 14 Days
Check below for free stories on CHD;HSY;K;KRFT;MDLZ the last two weeks.
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April 21, 2014
06:04 EDTKRFTKraft Foods recalling Oscar Mayer wieners, AP reports
Nearly 96,000 pounds of Oscar Mayer wieners are being recalled by Kraft Foods as they may contain the company's "Classic Cheese Dogs," the Associated Press reports. Reference Link
April 15, 2014
05:25 EDTCHDHPC sector upgraded to Neutral from Cautious at Goldman
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April 14, 2014
07:55 EDTKKellogg buyout structured like Heinz LBO could work, says BofA/Merrill
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April 10, 2014
07:31 EDTMDLZMondelez spends $110M on new Russia factory, Bloomberg says
Mondelez is planning to spend $110M on a new plant in Russia, which will add enough capacity to make 50K tons of snacks annually, according to Bloomberg, citing comments from company spokesman Michael Mitchell. The new factory is projected to create 180 jobs. Reference Link
06:09 EDTKKellogg implied volatility of 23 at upper end of index mean range
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06:05 EDTKStocks with implied volatility movement; DLLR K
Stocks with implied volatility movement; DFC Global (DLLR) 34, Kellogg (K) 22 according to iVolatility.
April 9, 2014
13:35 EDTMDLZ, HSYHershey melts after Goldman downgrade
Shares of chocolate maker Hershey (HSY) are falling after Goldman Sachs lowered its rating on the stock to a Sell. WHAT'S NEW: After the market closed last night, Goldman Sachs downgraded Hershey to Sell from Neutral, saying the stock is "priced for perfection" and that the company's cycle of strong earnings growth will end. Goldman lowered its price target for the stock to $90 from $105. Goldman Sachs analysts Jason English, Sean King and Manpreet Sethl were cautious on Hershey, saying that they expect the company's domestic momentum to fade. Goldman lowered its earnings per share estimates for Hershey's fiscal years 2014 through 2016 by 3%-6% to reflect lower sales and margin projections. While they said that they still perceive Hershey as a "best-in-breed company" whose international momentum will continue, the analysts believe expectations for the company are on the verge of turning more negative. OTHERS TO WATCH: Other companies in the chocolate industry include Nestle (NSRGY) and Mondelez (MDLZ), which owns Cadbury. PRICE ACTION: During afternoon trading, shares of Hershey fell $2.57 or $2.53%, to $99.15.
10:06 EDTMDLZOn The Fly: Analyst Initiation Summary
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10:06 EDTHSYOn The Fly: Analyst Downgrade Summary
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09:22 EDTKKellogg initiated with a Buy at Nomura
Target $70.
07:29 EDTKKellogg speculated as Berkshire target amid volatile trading, Bloomberg says
Kellogg (K) shares have surged over last week amid speculation the company may be a takeover target for Warren Buffett’s Berkshire Hathaway (BRK.A), said Bloomberg's "Real M&A" column, which noted that Kellogg fits the financial criteria for the types of acquisitions Buffet has made in the past. Kellogg could also appeal to another food company, like PepsiCo (PEP) or Nestle (NSRGY), the report added. Reference Link
07:18 EDTKKellogg volatility elevated on wide price movement
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05:42 EDTHSYHershey downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded its rating on Hershey (HSY) shares to Sell from Neutral saying the stock is priced for perfection and the company's cycle of strong earnings growth is ending. Goldman lowered its price target for the stock to $90 from $105. Shares of Hershey closed yesterday down $1.28 to $101.72.

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