Mondelez International, Cocoa
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
This was the stock's third consecutive day of losses.
Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on Mondelez International (MDLZ – Research Report) today and set a price ...
DA Davidson reduced their Q4 2024 earnings per share estimates for Mondelez International in a research note issued on Friday, January 31st. DA Davidson analyst B. Holland now expects that the company ...
Advanced Micro Devices posted higher quarterly revenue thanks to significant growth in its data-center business. The chipmaker said sales across its data-center division, which includes its artificial ...
CHICAGO (AP) — CHICAGO (AP) — Mondelez International Inc. (MDLZ) on Tuesday reported fourth-quarter net income of $1.75 billion. On a per-share basis, the Chicago-based company said it had net income ...
Mondelez International reported Q4 revenue of $9.60 billion, falling below estimates. While gross profit rose 6.9%, cocoa ...
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