FDA Says No Way To Food Companies Wanting To Get On The CBD Gravy Train
As several major food makers are champing at the bit to cash in on the CBD food and drinks craze, it seems the FDA is still not down with the program.
Benzinga’s Top Ratings Upgrades, Downgrades For September 14, 2022
Upgrades
For Iris Energy Ltd (NASDAQ:IREN), Compass Point upgraded the previous rating of Neutral to Buy. The current stock performance of Iris Energy shows a 52-week-high of $17.97 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $4.26.
Cowen & Co. Initiates Coverage On Mondelez International with Outperform Rating, Announces Price Target of $71
Cowen & Co. analyst Brian Holland initiates coverage on Mondelez International (NASDAQ:MDLZ) with a Outperform rating and announces Price Target of $71.
Looking Into Mondelez International’s Return On Invested Capital
According to Benzinga Pro, during Q2, Mondelez International (NASDAQ:MDLZ) earned $748.00 million, a 13.12% increase from the preceding quarter. Mondelez International's sales decreased to $7.27 billion, a 6.31% change since Q1.
Benzinga Before The Bell: Elon Musk Confirms Tesla Cutting Workforce, Kellogg Splitting In 3 Companies And Other Top Financial Stories Tuesday, June 21
Reuters
Read Rolls Royce’s One-Of-Its-Kind Attempt To Beat Inflation
US Stock Futures Higher; Dow Futures Surge 500 Points
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Nasdaq Composite gained around 150 in the previous session. The Federal Reserve raised interest rates by 0.75% last week.
Mondelēz International to Acquire Clif Bar & Company for $2.9B Plus Additional Contingent Earnout Consideration
Mondelēz International, Inc. (Nasdaq: MDLZ) today announced an agreement to acquire Clif Bar & Company, leading U.S. maker of nutritious energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration.
Check Out What Whales Are Doing With MDLZ
A whale with a lot of money to spend has taken a noticeably bearish stance on Mondelez International.
Looking at options history for Mondelez International (NASDAQ:MDLZ) we detected 13 strange trades.
Unilever Jumps After Nelson Peltz Joins Board
Unilever plc (NYSE: UL) shares traded higher by 8% on Tuesday after the company announced activist investor Nelson Peltz is joining the company's board of directors.
Unilever To Add This Activist Investor To Board – What’s The Catch?
Unilever PLC (NYSE:UL) has appointed Nelson Peltz, the Chief Executive Officer and founding partner of Trian Fund Management L.P., as…