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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:08 EDTMDLZMondelez achieves 100% palm oil sustainability milestone
Mondelez announced that it achieved Roundtable for Sustainable Palm Oil coverage for 100% of the palm oil it bought in 2013. This is two years ahead of the company's existing commitment to cover all requirements by 2015 through a combination of RSPO-certified oil and Greenpalm certificates that support sustainable production. In the first months of this year, Mondelez will review results from suppliers and publish an action plan during the second quarter to give priority to supplies that meet the company's sustainability principles, and eliminate supplies that do not, by 2020 at the latest.
News For MDLZ From The Last 14 Days
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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
April 9, 2014
13:35 EDTMDLZHershey 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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April 8, 2014
16:07 EDTMDLZMondelez initiated with a Reduce at Nomura
Target $31.
April 3, 2014
09:37 EDTMDLZActive equity options trading on open
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