Chocolate Maker Mondelez Looking Less Sweet after Cocoa Fears Lead to Downgrade
Ritz and Oreo maker Mondelez International (MDLZ) was less tasty today after a top analyst downgraded the stock on cocoa ...
Higher cocoa prices will pressure Hershey’s stock, analyst says
Piper Sandler downgrades Hershey Co. to underweight from neutral on expectation of stubbornly high cocoa prices.
What higher for longer cocoa prices means for Hershey vs Mondelez
The outlook for food producers relying on cocoa is challenging in FY25 due to supply constraints, with Hershey facing downward pressure on shares.
Piper Sandler cuts Mondelez stock rating on cocoa cost concerns
International shares, downgrading the stock from Overweight to Neutral and reducing the price target to $63.00 from the previous $70.00. The stock, currently trading at $58.41 with a market ...