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Investors interested in Food - Miscellaneous stocks are likely familiar with MGP (MGPI) and Mondelez (MDLZ). But which of these two companies is the best option for those looking for undervalued stocks?
Mondelez is acquiring a majority stake in Evirth to enhance its presence in the growing cakes and pastries market as part of its broader strategic focus.
CHICAGO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that it has signed an agreement to acquire a significant majority stake in Evirth, a leading manufacturer of cakes and pastries in China, subject to customary closing conditions, including regulatory approval. The move represents an important step forward in Mondelēz's strategy to accelerate growth in the cakes and pastries category – a core focus for the company, alongside chocolate and biscuits.
Advanced recycling technology enables recycled plastic to transform into new cracker packaging* Advanced recycling technology enables recycled plastic to transform into new cracker packaging*
MDLZ is benefiting from its focus on core categories and efficient pricing actions amid a tough operating landscape and cost inflation.
The shares jumped on the chief financial officer's comments. He believes investors will be impressed by the food company's third-quarter performance.
CHICAGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced 10 companies selected for its second CoLab Tech program, an accelerator led by the global snack company's research and development team. This year's cohort represents technologies that can help advance the future of snacking in areas such as cocoa processing solutions, well-being snacks and ingredients, more sustainable packaging and manufacturing, and elevated sensory experiences.
Investors interested in stocks from the Food - Miscellaneous sector have probably already heard of Kerry Group PLC (KRYAY) and Mondelez (MDLZ). But which of these two stocks is more attractive to value investors?
John Baumgartner, Mizuho managing director, joins CNBC to discuss trends in consumer spending pullbacks, what the reduction in restaurant spending may mean for stocks, and more.
NEW YORK, Aug. 7, 2024 /PRNewswire/ -- PopUp Bagels, the innovators behind the "Not Famous, but Known" bagel and schmear brand, are excited to announce that they have teamed up with the OREO® Brand, AMERICA'S FAVORITE COOKIE®, to launch an exciting new flavor: Cookies and Cream Cheese Made With OREO®. This epic collaboration blends PopUp Bagels' ultra-fluffy schmear with the irresistible crunch and iconic flavor of OREO® cookies, creating a sweet topping perfect for bagel lovers and cookies and cream enthusiasts alike.