Thu, Mar. 26, 12:37 PM
- Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
- 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
- Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
- Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
- Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
- Previously: Investors snapping up food stocks (Mar. 25 2015)
- Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
- Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
Wed, Mar. 25, 7:07 AM
- Food stocks could see a lift today after a high-profile merger between Kraft and Heinz was announced.
- The sector has been identified by analysts as a likely hotbed for consolidation.
- Early premarket gainers include Mondelez International (NASDAQ:MDLZ) +2.1%, General Mills (NYSE:GIS) +1.0%, and Campbell Soup (NYSE:CPB) +0.4%.
- Previously: Kraft, Heinz announce merger
Tue, Mar. 24, 9:34 PM
- Kraft (NASDAQ:KRFT) finished AH trading at $71.44 following a WSJ report stating the company is in talks to sell itself to P-E firm 3G Capital. Mondelez (NASDAQ:MDLZ) rose 3.3% to $36.18, and ConAgra (NYSE:CAG) rose 1.9% to $35.27.
- The WSJ has added more details. Sources state a deal could be announced soon, and that 3G would use previously-acquired Heinz to make the purchase. It now calls buyout talks "advanced," and highlights 3G's track record of aggressively cutting costs at consumer companies it has acquired.
- The paper speculates Kraft "could be valued at well over $40 billion," given typical M&A premiums. The food/beverage giant closed AH with a $42.6B market cap.
Fri, Mar. 6, 10:46 AM
- Global consumer staples stocks are weaker than market averages as concerns on market pricing and F/X sit in the background.
- The 1.21% gain in the U.S. Dollar Index isn't going unnoticed by traders.
- Notable decliners include General Mills (NYSE:GIS) -1.6%, Colgate-Palmolive (NYSE:CL) -2.0%, Unilever (NYSE:UL) -1.9%, General Mills (GIS) -1.8%, Mondelez International (NASDAQ:MDLZ) -1.9%, Post Holdings (NYSE:POST) -1.8%, Hershey (NYSE:HSY) -1.8%, Coca-Cola (NYSE:KO) -1.2%.
- The Consumer Staples ETF (NYSEARCA:XLP) is down 1.2% versus S&P 500 -0.4%.
- Other staples ETFs: VDC, FXG, RHS, FSTA, PSL, PSCC
Wed, Feb. 11, 8:25 AM
- Mondelez International (NASDAQ:MDLZ) reports organic revenue rose 2.9% in Q4.
- If currency swings are backed out, emerging markets and power brands performed well for the company.
- Gross profit rate -120 bps to 35.6%.
- Operating income margin rate -390 bps to 6.7%.
- Revenue growth by region: Latin America -7.3% to $1.24B, Asia Pacific -5.3% to $1.145B, Eastern Europe/Middle East/Africa -15.7% to $898M, Europe -6.7% to $3.76B, North America -3.1% to $1.786B.
- Guidance: F/X translation is expected to lop off 11 percentage points from 2015 growth. Organic revenue growth of 2% forecast.
- Previously: Mondelēz beats by $0.04, misses on revenue
- MDLZ +2.5% premarket.
Nov. 5, 2014, 9:19 AM
- Mondelez International (NASDAQ:MDLZ) trades higher after topping consensus estimates with its Q3 report and raising guidance.
- The company struck broad organic revenue gains, although results in Europe were a drag during the quarter.
- Guidance: Full-year EPS of $1.67-$1.72 expected vs. $1.67 consensus.
- MDLZ +4.1% premarket
Nov. 5, 2014, 8:03 AM
Oct. 10, 2014, 10:47 AM
- Consumer staples stocks are in favor again with investors taking a defensive posture.
- PepsiCo (PEP +1.6%), Mondelez International (MDLZ +0.6%), Procter & Gamble (PG +1.5%), and Philip Morris (PM +1.4%) are notable out-performers.
- The Consumer Staples Select ETF (NYSEARCA:XLP) is up 1.02% on the day.
Jul. 11, 2014, 1:28 PM| 3 Comments
Jun. 25, 2014, 11:46 AM
- A check of other branded food products companies following the sizable FQ4 miss from General Mills along with a sluggish FQ1 outlook, finds the group as a whole lower. Kellogg (K -1.4%), Post Holdings (POST +0.1%), Pinnacle Foods (PF -0.9%), and Mondelez (MDLZ -0.2%). General Mills is off 2.7%.
- Previously: General Mills misses by $0.05, misses on revenue
- Previously: General Mills starts new cost-cutting plans as sales slip, shares -3%
May. 7, 2014, 9:15 AM
May. 7, 2014, 9:04 AM| 3 Comments
Aug. 15, 2013, 8:28 AM| Comment!
Aug. 7, 2013, 4:23 PM| Comment!
Jul. 17, 2013, 3:19 PM
May. 8, 2013, 9:27 AM
MDLZ vs. ETF Alternatives
Mondelez International Inc manufactures confectionery products. It produces packaged food products, including biscuits, confectionery, beverages, cheese, convenient meals and various packaged grocery products.
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