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The Latest Breaking News from MDLZ

Mondelez Agrees To Acquire Confectionery Company Ricolino For $1.3B

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking. Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Benzinga

Earnings Preview: Mondelez International

Mondelez International (NASDAQ:MDLZ) is set to give its latest quarterly earnings report on Tuesday, 2022-04-26. Here's what investors need to know before the announcement. Analysts estimate that Mondelez International will report an earnings per share (EPS) of $0.74.

Benzinga

3 Consumer Defensive Stocks to Buy on the Dip: Tyson, Diageo, and Mondelez

The Russian-Ukraine conflict and rising inflation have led to heightened volatility and are raising the possibility of an economic downturn. Consumer defensive stocks are typically known to hold up well in such a tough market environment. Given this backdrop, it could be wise to buy the dip in consumer defensive…

StockNews.com

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More Non-US Companies Restricted Services In Russia After US Counterparts

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…

Benzinga

4 Consumer Defensive Stocks to Buy to Protect Your Portfolio as the Nasdaq Enters Correction Territory

Concerns over high inflation and the Federal Reserve’s plan to raise interest rates has led to the tech-heavy Nasdaq into correction territory lately. Therefore, we think it could be wise to bet now on consumer defensive stocks because they typically perform relatively well in an inflationary environment. Inelastic product demand,…

StockNews.com

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