• Yesterday, 5:13 PM
    • Mondelez (NASDAQ:MDLZ) agrees to sell Vegemite and other grocery brands in Australia and New Zealand to Bega Cheese Limited for A$460M.
    • Shares +2.8% after hours
    Yesterday, 5:13 PM | 7 Comments
  • Fri, Jan. 13, 9:14 AM
    • Mondelez International (NASDAQ:MDLZ) confirms that it is making "selective" price increases in the U.K.
    • The company wasn't specific with which products will see a price boost, although it cited the escalating cost of cocoa since 2013 (see chart). The weak level of the British pound is also a major factor for Mondelez and other multinationals selling in the U.K.
    Fri, Jan. 13, 9:14 AM
  • Fri, Jan. 6, 10:45 AM
    • Mondelez International (MDLZ +0.4%) and Kraft Heinz (KHC -0.2%) have both moved higher from their prior levels as more speculation on a mega-food merger make the rounds.
    • Mondelez is only about a buck away from its 52-week high. At least some M&A premium is already baked in.
    Fri, Jan. 6, 10:45 AM | 24 Comments
  • Dec. 22, 2016, 11:05 AM
    • The hiring by Hershey (HSY +1.3%) of an insider to the CEO slot is increasing talk that a sale of the company may still be explored.
    • Dealreporter suggests that it could be Mondelez International (MDLZ +0.1%) that pulls the trigger.
    • Mondelez seems to be perpeutally stuck in the M&A rumor mill as analysts try to connect the food sector (Kraft/3G/Buffett/PepsiCo/General Mills/Campbell Soup) dots.
    • Previously: Digging into Kraft Heinz's M&A upside (Dec. 21)
    Dec. 22, 2016, 11:05 AM | 26 Comments
  • Dec. 21, 2016, 1:17 PM
    • Kraft Heinz (NASDAQ:KHC) has enough financial muscle to fund a new $90B deal, according Susquehanna.
    • Analyst Pablo Zuanic reiterates that Mondelez International (NASDAQ:MDLZ) is the most logical target for KHC. Mondelez trades with a market cap just under $69B.
    • Asset divestitures could bring down the amount of money that Warren Buffett and 3G would have to kick in to retain a controlling stake in KHC, while debt and equity issuance would fund the balance.
    • Susquehanna PT math: "Our price target is now $115. A hypothetical bid for, say, MDLZ (28% accretive as per our math, with a $90B deal funded half equity and half cash) would add about $28 to our just-on-fundamentals valuation of $100, bringing the stock to $128. Our published price target of $115 takes half of the accretion from this hypothetical deal (i.e., assigning 50% probability)."
    Dec. 21, 2016, 1:17 PM | 10 Comments
  • Dec. 20, 2016, 3:25 PM
    • Goldman Sach breaks down the impact of a "destination-based" tax on consumer staples companies.
    • The GS team forecasts a 9% EPS benefit from Trump/GOP tax policies (25% corporate rate, repeal of interest expense deduction, repatriation tax at 8.75% with proceeds going to buybacks) and a 6% EPS gain if the destination-based tax proposal is part of the final plan.
    • Constellation Brands (NYSE:STZ), Hershey (NYSE:HSY) and Mondelez International (NASDAQ:MDLZ) are seen as three companies within the staples sector that would be impacted the most on the negative side from the destination tax.
    • On a broad look at tax implications, GS sees benefits for Dean Foods (NYSE:DF), Monster Beverage (NASDAQ:MNST), Reynolds American (NYSE:RAI) and Energizer Holdings (NYSE:ENR).
    • Source: Bloomberg
    • Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC, CNSF, JHMS.
    Dec. 20, 2016, 3:25 PM | 19 Comments
  • Dec. 16, 2016, 7:35 AM
    • Susquehanna is out with is preview of the consumer staples sector for 2017.
    • The investment firm notes the sector has de-rated and underperformed in the last few months as money flowed into higher-beta sectors, but thinks P/E ratios have limited downside from here.
    • Top self-help stories: Molson Coors (NYSE:TAP) and TreeHouse Foods (NYSE:THS). Both stocks are rated Positive.
    • Top growth pick: Blue Buffalo Pet Products (NASDAQ:BUFF).
    • M&A watch: Mondelez International (NASDAQ:MDLZ) as a target and Kraft Heinz (NASDAQ:KHC) as an acquirer.
    • Restructuring watch: Hain Celestial (NASDAQ:HAIN).
    • Analyst Pablo Zaunic put together the consumer staples forecast.
    • ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC, CNSF, JHMS.
    Dec. 16, 2016, 7:35 AM | 1 Comment
  • Dec. 14, 2016, 6:03 PM
    • Mondelez International (NASDAQ:MDLZ) says it hasn't head from Kraft Heinz (NASDAQ:KHC) about a potential buyout, according to Reuters.  In addition, Mondelez advises that it has no reason to believe the report posted earlier from a Swiss magazine on a deal is true.
    • Previously: Mondelez +9% after hours on rumored Kraft Heinz interest (Dec. 14)
    • KHC +2.54% in AH trading. MDLZ +4.48%.
    Dec. 14, 2016, 6:03 PM | 14 Comments
  • Dec. 14, 2016, 5:29 PM
    • Top gainers, as of 5:15 p.m.: ATHN +20.8%. PIR +18.8%. MDLZ +9.9%. PBI +4.6%. CERN +4.2%.
    • Top losers, as of 5:15 p.m.: SGY -16.9%. FOLD -10.8%. TLGT -5.0%.WTI -4.3%. TMUS -3.1%.
    Dec. 14, 2016, 5:29 PM
  • Dec. 14, 2016, 4:25 PM
    • Citing a "very well-informed" source, Switzerland's Bilanz magazine says Kraft Heinz (NASDAQ:KHC) is putting together a bid for Mondelez (NASDAQ:MDLZ).
    • As is 3G's norm, a purchase of MDLZ would likely mean big cost (job) cuts.
    • MDLZ +8.8%, KHC +2% after hours.
    • Related: Berkshire Hathaway (BRK.A, BRK.B)
    • Previously: Buffett exit from Coca-Cola board raises M&A intrigue (Dec. 9)
    Dec. 14, 2016, 4:25 PM | 41 Comments
  • Dec. 13, 2016, 9:40 AM
    • Mondelēz (NASDAQ:MDLZ) declares $0.19/share quarterly dividend, in line with previous.
    • Forward yield 1.77%
    • Payable Jan. 12; for shareholders of record Dec. 30; ex-div Dec. 28.
    Dec. 13, 2016, 9:40 AM
  • Dec. 13, 2016, 9:05 AM
    • Deutsche Bank warns that the party is over for consumer staples stocks.
    • The investment firm smacked Dow 30 stocks Procter & Gamble and Coca-Cola with downgrades to Hold on broad macro factors (F/X,USD, stronger economy = flight out of safety) that could apply to a host of multinational consumer staples sellers (KMB, MDLZ, PEP, PM CL, CLX).
    • Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC, CNSF, JHMS
    Dec. 13, 2016, 9:05 AM | 16 Comments
  • Dec. 8, 2016, 9:11 AM
    • A fresh dive by Susquehanna analyst Pablo Zuanic into K-Cup trends indicates that Kraft-Heinz (NASDAQ:KHC) is firing off the most aggressive pricing of sellers in the category.
    • K-cup prices are down 8% on average for Kraft brands, while they are being trimmed 5% for Keurig-owned brands and 4% for J.M. Smucker. Starbucks, which talked about a "slowdown" in the K-cup market during its Analyst Day event yesterday, has lowered K-cup prices by 2% on average.
    • The K-cup deceleration puts pressure on JAB Holding Company which acquired Keurig Green Mountain earlier this year for $13.9B.
    • "A no growth market and continued decline in market share cannot be what JAB had expected when they paid $92 per GMCR shares," writes Zuanic. He throws out an interesting scenario in which Kraft Heinz buys Mondelez International (NASDAQ:MDLZ) and funds the deal through the sale of its packaged coffee business to JAB.
    Dec. 8, 2016, 9:11 AM | 5 Comments
  • Dec. 1, 2016, 12:08 PM
    • Mondelez International (MDLZ -0.5%) plans to close a plant in Montreal and eliminate 454 jobs, according to The Globe & Mail.
    • The company says the job losses will take place over time.
    • Mondelez will still have five active plants in Canada after the Montreal location winds down.
    Dec. 1, 2016, 12:08 PM | 2 Comments
  • Nov. 9, 2016, 5:55 PM
    • The company reported Q3 revenue of $196.2M, operating income of $55.7M, and net income of $33.5M. The only Street coverage at the moment is from SunTrust, and the team there was looking for $180.2M, $49.8M, and $16.4M, respectively.
    • Seeking Alpha contributor and Hostess (NASDAQ:TWNK) bull Dane Capital Management notes the stock trades at several EBITDA multiple turns lower than slower growth and lower margin peers like Hershey (NYSE:HSY) and Mondelez (NASDAQ:MDLZ).
    Nov. 9, 2016, 5:55 PM | 4 Comments
  • Nov. 8, 2016, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    Nov. 8, 2016, 2:58 PM | 41 Comments