Earnings Pressure Could Force Packaged Food M&A in 2017; Mondelez (MDLZ) and Pinnacle Foods (PF) Seen as Targets - RBC
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RBC Capital Reiterates Outperform on ConAgra Brands (CAG) Following 2Q Report
December 23, 2016 7:31 AM ESTRBC Capital reiterated an Outperform rating and $42.00 price target on ConAgra Brands (NYSE: CAG) following the company's 2Q earnings report. Adjusted diluted EPS of $0.49 beatthe street estimates of $0.45. Revenue of $2.09B was below the consensus of $2.1B.
Analyst David Palmer commented, "We are... More
Mondelez (MDLZ) May Bid on Hershey Foods (HSY) - DealReporter
December 22, 2016 9:37 AM ESTMondelez (Nasdaq: MDLZ) May Bid on Hershey Foods (NYSE: HSY) - DealReporter
... MoreHershey names COO Michele Buck as chief executive
December 21, 2016 4:40 PM EST(Reuters) - U.S. chocolate maker Hershey Co (NYSE: HSY) named Chief Operating Officer Michele Buck as its chief executive and president, pinning its hopes on a company veteran to build on a recovery in demand in North America.
Buck, whose appointment is effective March 1, will succeed John Bilbrey, who said in October he would retire as CEO and president.
Buck, who joined Hershey... More
Kraft Heinz (KHC) Takeover Interest May Shift Toward General Mills (GIS) and Kellogg (K) Vs. Mondelez (MDLZ) - Citi
December 21, 2016 10:33 AM ESTCiti analsyt David Driscoll said while the consensus is that Kraft Heinz Company (NYSE: KHC) targets Mondelez Int'l (NASDAQ: MDLZ) in a takeover, they believe probabilities have now shifted more towards a takeover of General Mills... More
