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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:27 EDTRMCF, HSY, MDLZLindt & Sprüngli acquires Russell Stover Candies
The Lindt & Sprüngli Group is acquiring the traditional U.S. family business Russell Stover Candies, headquartered in Kansas City, Missouri. Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details. Other companies that are in the confectionary industry in North America include Hershey (HYS) Rocky Mountain Chocolate (RMCF) and Mondelez (MDLZ). Reference Link
News For HSY;RMCF;MDLZ From The Last 14 Days
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November 26, 2014
07:55 EDTHSYHershey estimates and price target raised at JPMorgan
JPMorgan raised its 2015 and 2016 earnings estimates for Hershey citing greater confidence in the company's revenues and gross margins after meeting with management. The firm upped its price target for shares to $105 from $101 and keeps an Overweight rating on the stock.
November 17, 2014
10:00 EDTHSYHershey management to meet with JPMorgan
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November 14, 2014
18:05 EDTMDLZRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).

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