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Investors back Mondelez International's coffee plans

  • Shares of Mondelez International (MDLZ) rip higher after the company announces a plan to create a new coffee company with D.E. Master Blenders.
  • The company also beats profit estimates with its Q1 report.
  • MDLZ +8.6% premarket
Comments (3)
  • jeanewight
    , contributor
    Comments (339) | Send Message
     
    Sounds exciting, but aren't there enough coffee companies out there competing for market share?
    7 May, 02:22 PM Reply Like
  • chopchop0
    , contributor
    Comments (3137) | Send Message
     
    This will be the biggest.
    7 May, 03:50 PM Reply Like
  • airok
    , contributor
    Comments (3) | Send Message
     
    I think that is their point and why investors are excited by this. It creates a competitive number 2 to Nestle that can negotiate for the tightened supply of coffee beans.
    7 May, 03:53 PM Reply Like
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