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MDLZ

Mondelez

$40.71

-0.15 (-0.37%)

, PG

Procter & Gamble

09:15
09/19/17
09/19
09:15
09/19/17
09:15

Peltz says Mondelez price raises were due to higher cocoa prices

Nelson Peltz of Trian is speaking on CNBC. He's responding to Procter & Gamble's (PG) claims that he advocates for higher prices at the detriment of volumes.

MDLZ

Mondelez

$40.71

-0.15 (-0.37%)

PG

Procter & Gamble

  • 25

    Sep

MDLZ Mondelez
$40.71

-0.15 (-0.37%)

06/19/17
FBCO
06/19/17
NO CHANGE
FBCO
Hershey buy of Nestle assets could be type of 'poison pill,' says Credit Suisse
Credit Suisse analyst Robert Moskow analyzed several scenarios after Nestle's (NSRGY) recent announcement of a strategic review of its U.S. confectionery business. Buying Nestle candy would double Mondelez's (MDLZ) U.S. market share to 10%, but Moskow wonders if such a deal could compromise Mondelez' ability to eventually buy Hershey (HSY) at a later date. As for the latter, Hershey would generate "massive" synergies of 9% of sales and the deal could work as a type of "poison pill" to deter a bid from Mondelez or Kraft Heinz (KHC), said Moskow. However, he doesn't think Hershey would want to buy an asset that would dilute its topline growth rate at this point. He added that he sees "little to no chance" of Lindt, the number three in U.S. candy, being interested in Nestle's assets.
07/25/17
PIPR
07/25/17
UPGRADE
Target $49
PIPR
Overweight
Mondelez upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery upgraded Mondelez to Overweight and raised his price target for the shares to $49 from $48. Favorable sugar and cocoa costs provide a boost to margins, Lavery tells investors in a research note. The analyst expects the company's cash build will be applied to buybacks.
07/25/17
07/25/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mondelez (MDLZ) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying favorable sugar and cocoa costs provide a boost to margins. 2. Big Lots (BIG) upgraded to Buy from Hold at Deutsche Bank analyst Paul Trussell saying the current valuation is "compelling" given the disconnect between the company's "impressive" operating profit growth and multiple. 3. Werner (WERN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ken Hoexter saying truckload utilization and rates are turning positive. 4. Atlassian (TEAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Sanjit Singh saying has increased confidence in expansion trends of the user base and said there are clear signs of pricing power, supporting 30% topline growth and 40% free cash flow CAGR over the next 3 years. 5. DSW (DSW) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the shares offer an "intriguing non-apparel value play." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/17
WELS
08/03/17
NO CHANGE
WELS
Mondelez new CEO 'unconventional' but can 'inject fresh ideas,' says Wells Fargo
After Mondolez announced that its CEO would resign and named Dirk Van de Put as her successor, Wells Fargo calls the choice "unconventional." However, the firm thinks that, as an outsider, he will be able to "inject fresh ideas." Wells keeps an Outperform rating on the shares.
PG Procter & Gamble

07/17/17
DBAB
07/17/17
NO CHANGE
Target $90
DBAB
Hold
Procter & Gamble unlikely to miss near-term expectations, says Deutsche Bank
Deutsche Bank analyst Faiza Alwy believes Procter & Gamble's decision to not give Trian's Nelson Peltz a board seat as a sign that management is confident in its strategy and is unlikely to miss expectations over at least the next few months. The analyst notes the Wall Street Journal's reporting indicates that contrary to speculation from analysts, Trian is not seeking a breakup of the company. This idea was a non-starter given substantial dis-synergies and tax leakage, Alwy tells investors in a research note. The analyst keeps a Hold rating on the shares with a $90 price target.
08/17/17
JEFF
08/17/17
NO CHANGE
Target $103
JEFF
Buy
Procter & Gamble remains a core Staples holding, says Jefferies
Jefferies analyst Kevin Grundy continues to recommend shares of Procter & Gamble as core Staples holding following "upbeat" meetings with management. Trian's involvement, while a distraction, has raised the execution bar, Grundy tells investors in a research note. The analyst notes that the company sees little merit in adding Trian to the board. Grundy believes P&G's structural and portfolio changes are "bearing fruit" and that shares offer multiple expansion potential from current levels. He keeps a Buy rating on the shares with a $103 price target.
09/14/17
MACQ
09/14/17
INITIATION
Target $102
MACQ
Outperform
Procter & Gamble initiated with an Outperform at Macquarie
Macquarie analyst Caroline Levy initiated Procter & Gamble with an Outperform and a $102 price target. Levy said there are early signs of improvements and expects activist Nelson Peltz to "prod" the company to move faster in shifting management control and responsibility to local markets and pay for performance.
09/19/17
JEFF
09/19/17
NO CHANGE
Target $104
JEFF
Buy
Jefferies sees Trian as 'win-win' for P&G shareholders
After meeting with Nelson Peltz and the Trian team, Jefferies analyst Kevin Grundy continues to recommend shares of Procter & Gamble. Trian's involvement raises the execution bar, setting up a "win-win" for shareholders, Grundy tells investors in a research note. He raised his price target for P&G shares to $104 from $103 and keeps a Buy rating on the name.

TODAY'S FREE FLY STORIES

SYNT

Syntel

$24.30

5.2 (27.23%)

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QD

Qudian

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    Oct

ABT

Abbott

$55.06

0.43 (0.79%)

, USB

U.S. Bancorp

$53.88

-0.38 (-0.70%)

20:25
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0.43 (0.79%)

USB

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$53.88

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SVU

Supervalu

$19.38

0.57 (3.03%)

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
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The Heritage Foundation hosts President Trump »

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SINA

Sina

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  • 03

    Nov

CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

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0.13 (0.85%)

HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
10/17/17
10/17
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Earnings
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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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Hot Stocks
Fulton Financial cuts Q4 net interest margin view to up 2-6 bp from 3-9 »

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  • 18

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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
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Hot Stocks
Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

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  • 30

    Nov

PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
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Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

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  • 30

    Nov

  • 14

    Dec

UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
10/17/17
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17:38
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17:38
Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

17:35
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$35.32

-0.18 (-0.51%)

XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

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  • 18

    Oct

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    Nov

OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:35
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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
10/17/17
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Earnings
IBM sees $2.8B-$2.9B increase in Q4 sales from Q3 »

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:33
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Earnings
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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:33
10/17/17
10/17
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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

, IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

17:32
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IBM

IBM

$146.54

-0.29 (-0.20%)

IBKR

Interactive Brokers

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SSKN

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HCLP

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SCSS

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NAVI

Navient

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CREE

Cree

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0.06 (0.20%)

AKTX

Akari Therapeutics

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MOBL

MobileIron

$3.80

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FOGO

Fogo De Chao

$12.05

0.1 (0.84%)

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  • 17

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
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Hot Stocks
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  • 17

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PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
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Syndicate
Breaking Syndicate news story on Paychex »

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  • 22

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VZ

Verizon

$48.40

0.31 (0.64%)

17:24
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FCC settles New York City E-rate investigation with Verizon »

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  • 19

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  • 01

    Nov

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:20
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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:17
10/17/17
10/17
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Hot Stocks
IBM: Global business services signings up for 3rd consecutive quarter »

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