Commodities traders are facing losses of $1 billion U.S. or more after bets that %Cocoa prices would decline have backfired.
Mondelez International is poised to release its second-quarter results this month, and analysts are projecting a single-digit earnings growth.
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Cocoa prices are pulling back after a spike, presenting an opportunity to invest in chocolate stocks. With the market projected to grow 5.8% annually, the sector promises long-term growth.
Hershey has lagged the consumer staples sector over the past three months, and analysts remain cautious about the stock’s prospects.
Despite Mondelez International’s underwhelming performance compared to its industry, Wall Street analysts remain optimistic about the stock’s outlook.
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The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between...
While Mondelez International underperformed the broader market this year, Wall Street analysts still see a modest upside in the stock.