Mondelez

Kellanova Shares Pop On Report Of Mars Considering Buyout

Shares at Kellanova surged 18% in early trading on Monday after a Reuters report said Mars was exploring a potential buyout of the company.

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its products despite higher prices.

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Kraft Heinz slashed its organic sales forecast for 2024 on Wednesday after missing quarterly revenue estimates.

Mondelēz International missed expectations for second-quarter revenue on as budget-conscious customers opted for lower-priced alternatives.

Mondelēz has been fined €337.5 million by the European Union antitrust regulators for impeding cross-border trading between EU Countries.

Hershey exceeded Wall Street expectations for first-quarter sales and profit on higher prices and steady consumer demand.

Cadbury parent company Mondelēz International beat market expectations for first-quarter sales and profit on Tuesday.

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