Earnings Pressure Could Force Packaged Food M&A in 2017; Mondelez (MDLZ) and Pinnacle Foods (PF) Seen as Targets - RBC

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Go back to Earnings Pressure Could Force Packaged Food M&A in 2017; Mondelez (MDLZ) and Pinnacle Foods (PF) Seen as Targets - RBC

RBC Capital Reiterates Outperform on ConAgra Brands (CAG) Following 2Q Report

December 23, 2016 7:31 AM EST

RBC 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 EST

Mondelez (Nasdaq: MDLZ) May Bid on Hershey Foods (NYSE: HSY) - DealReporter

... More

Hershey 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 EST

Citi 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