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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:25 EDTMDLZMondelez proxy fight weighed by Peltz, NY Post says
Activist investor Nelson Peltz, who owns over a 2% stake in Mondelez, is weighing a proxy fight in which he would nominate himself and perhaps a few other candidates to the board, according to The New York Post, citing a source. If he decides to make the move before the Jan. 21 deadline, Peltz may pressure Mondelez management to increase margins and possibly explore selling its coffee business, according to the report. Reference Link
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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