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Stock Market & Financial Investment News

News Breaks
October 5, 2012
12:28 EDTMDLZ, DANOYMondelez unit buys Vitasnella snack business from Danone, Reuters says
Kraft Foods Europe, which is now part of Mondelez International (MDLZ), has agreed to buy the Vitasnella snack business in Italy from Danone (DANOY) for an undisclosed sum, reported Reuters. Reference Link
News For MDLZ;DANOY From The Last 14 Days
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August 14, 2014
17:20 EDTMDLZTrian Fund gives quarterly update on stakes
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12:01 EDTMDLZThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
August 6, 2014
10:26 EDTMDLZMondelez expects revenue to improve 'modestly' in 2H14
Says snacking trends remain in the company's favor. Says will continue pricing to offset input costs. Says new biscuit facility in Mexico is on track to open in Q4.
10:17 EDTMDLZMondelez believes commodity inflation impact will be temporary
Says experienced cocoa and dairy inflation, which has been magnified by weakening currency in many emerging markets. Says this made the company take significant price increases in chocolate. Says this has been even more challenging then expected for the company. Says half of input costs are due to currency. Says pricing issue is affecting the broader industry. Says saw negative effects on the company's share performance for Q2 due to competitors not increasing their prices as Mondelez had. Believes that this impact will be temporary. Expects coffee will become a tailwind for the company in 2H14. Says pricing effect on revenue is temporary and sees the effect to revert in the coming months. Says knew the environment would be challenging for the quarter and the company had taken measures to compensate for that to help protect its bottom line in FY14 and set the stage for profitable growth in FY15 and beyond. Comments made during the company's Q2 earnings conference call
10:05 EDTMDLZMondelez expects to return $2B-$3B to shareholders in FY14
Says market likely to soften even more in 2H14 and especially in Q3. Says on track to deliver 2013-2014 combined free cash flow ex-items target of $3.7B. Expects to repurchase $1B-$2B of shares in FY14. Sees improvement in 2H14 being driven by coffee pricing and easier China comparison. Says global category growth unlikely to improve in 2H14. Says 2H14 growth tempered by challenging operating environment and slower resolution of customer disputes. Maintains high-12% adjusted OI margin. Says aims to further focus its portfolio on snacks and expects its coffee deal to close in FY15. Comments taken from slides from the company's Q2 earnings conference call presentation.
08:06 EDTMDLZMondelez backs FY14 adjusted EPS $1.73-$1.78 consensus $1.72
Sees FY14 organic net revenue growth of 2%-2.5%; Sees FY14 adjusted operating income growth in high single digit growth on constant currency basis. Sees FY14 adjusted operating income margin in high 12% range. The company adds, "We anticipate revenue growth to improve in the second half as coffee pricing headwinds reverse and we cycle more favorable comparisons in China, but we expect the challenging operating environment to continue."
08:03 EDTMDLZMondelez increases quarterly dividend by 7% to 15c
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08:03 EDTMDLZMondelez reports Q2 adjusted EPS 40c, consensus 39c
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