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KHC

Kraft Heinz

$25.01

-0.5 (-1.96%)

, MDLZ

Mondelez

$53.41

0.22 (0.41%)

11:13
08/15/19
08/15
11:13
08/15/19
11:13

Kraft, Mondelez to pay $16M in wheat manipulation case, CFTC says

The U.S. Commodity Futures Trading Commission announced that it obtained a $16M penalty and injunction pursuant to a federal court's entry of a consent order against defendants Kraft Foods Group, Inc. (KHC) and Mondelez Global LLC (MDLZ). The order, entered on August 14, 2019 by the Honorable Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois, resolves the CFTC's complaint alleging, among other things, manipulation of the wheat market. The $16M penalty is approximately three times defendants' alleged gain. The order also enjoins Kraft and Mondelez from engaging in future violations of the manipulation, wash trade, and position limit provisions of the Commodity Exchange Act and CFTC regulations charged in the complaint.

KHC

Kraft Heinz

$25.01

-0.5 (-1.96%)

MDLZ

Mondelez

$53.41

0.22 (0.41%)

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KHC Kraft Heinz
$25.01

-0.5 (-1.96%)

08/08/19
JPMS
08/08/19
NO CHANGE
JPMS
Neutral
Kraft Heinz earnings call 'raised more questions than answers,' says JPMorgan
JPMorgan analyst Ken Goldman lowered his estimates for Kraft Heinz following the company's first earnings call in six months, stating that "the call raised more questions than answers." While management made it clear, in his view, that a major margin rebase is not part of its plan, restraint on divestitures doesn't help reduce near-term leverage and "Street forecasts are almost surely going to drop," Goldman tells investors in a post-earnings research note. He does not think a downgrade is warranted with the stock trading at a "very low multiple," but neither can he recommend Kraft Heinz shares until there is more clarity on the strategy and opportunities, said Goldman, who keeps a Neutral rating on the stock.
08/09/19
GUGG
08/09/19
DOWNGRADE
Target $25
GUGG
Sell
Kraft Heinz downgraded to Sell from Neutral at Guggenheim
Guggenheim analyst Laurent Grandet downgraded Kraft Heinz to Sell from Neutral and lowered her price target for the shares to $25 from $29. The "new negative news" from yesterday's results is that the situation won't likely start to improve until next year at the earliest since new CEO Miguel Patricio's plan won't be implemented until early 2020, Grandet tells investors in a research note. The analyst continues to think that Patricio faces a "monumental challenge" to put Kraft Heinz on a path to success.
08/09/19
08/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Maximus (MMS) downgraded to Market Perform from Outperform at Wells Fargo. 2. Cardlytics (CDLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves saying its Q2 results showed "solid momentum" in both MAU and ARPU even though the FY19 outlook was disappointing. 3. Coeur Mining (CDE) downgraded to Hold from Buy at Canaccord. 4. Kraft Heinz (KHC) downgraded to Sell from Neutral at Guggenheim with analyst Laurent Grandet saying the "new negative news" from yesterday's results is that the situation won't likely start to improve until next year at the earliest since new CEO Miguel Patricio's plan won't be implemented until early 2020. 5. Synaptics (SYNA) downgraded to Underweight from Neutral at JPMorgan and to Hold from Buy at Craig-Hallum. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/12/19
BMOC
08/12/19
NO CHANGE
Target $33
BMOC
Market Perform
Kraft Heinz price target lowered to $33 from $40 at BMO Capital
BMO Capital analyst Kenneth Zaslow lowered his price target on Kraft Heinz to $33 and kept his Market Perform rating after its Q1 earnings miss driven by retail inventory destocking, higher fixed cost spending, and an inflationary input environment. The analyst also cites the company's disclosed $744M in impairment charges on its EMEA East, Brazil, US Refrigerated, and Latin America exports businesses along with the CEO's plans to undertake a "strategic agenda" early next year, even though the management has indicated that the dividend payout on the stock is safe.
MDLZ Mondelez
$53.41

0.22 (0.41%)

07/31/19
STFL
07/31/19
NO CHANGE
Target $55
STFL
Hold
Mondelez price target raised to $55 from $52 at Stifel
Stifel analyst Christopher Growe said he believes Mondelez shares will respond favorably following the company's strong Q2 report and updated 2019 outlook. Given the upside potential he sees remaining across the second half, Growe raised his price target on Mondelez shares to $55 from $52 and said he maintains a positive bias on the fundamentals. However, since he sees limited upside from the stock's current level, Growe maintains a Hold rating on Mondelez.
07/31/19
BUCK
07/31/19
NO CHANGE
Target $62
BUCK
Buy
Mondelez price target raised to $62 from $57 at Buckingham
Buckingham analyst Eric Larson raised his price target on Mondelez shares to $62 from $57 following the company's "impressive" Q2 sales growth, noting that its organic revenue growth is accelerating and margin visibility is improving. While the stock is still "relatively expensive" on an EV/EBITDA valuation, Larson said there could be conservatism in his sales estimates and he keeps a Buy rating on Mondelez shares.
08/07/19
MSCO
08/07/19
UPGRADE
MSCO
Overweight
Mondelez upgraded to Overweight from Equal Weight at Morgan Stanley
08/07/19
08/07/19
UPGRADE
Target $62

Overweight
Mondelez upgraded to Overweight at Morgan Stanley on topline growth view
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded Mondelez to Overweight with an unchanged price target of $62. The analyst cites increased confidence in the company's expected sales growth and sees the management's "positive strategy changes" already working, saying the stock should re-rate closer to multinational CPG peers than US-centric food peers.

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