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Your Chocolate Cravings May Get Costlier: Cocoa Shortage Sends Prices Skyrocketing To All-Time Highs
Friday, February 9, 2024 - 3:54am | 663The price of cocoa has doubled in the past year, reaching an all-time high and potentially leading to a surge in chocolate prices. What Happened: The cost of cocoa has doubled over the past year, with the most active futures contract reaching $5,600 a metric ton on Thursday, according to Bloomberg...
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Hershey's Stock Dip Presents a Sweet Opportunity
Friday, July 21, 2023 - 9:20am | 785In May 2023, The Hershey Company (NYSE: HSY) launched a limited edition churro-flavored Kit Kat just in time for summer. Since then, approximately 10% has been trimmed from the leading U.S. confectioner's share price. Give me a break! The new Kit Kat rollout has had nothing to do...
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Is MrBeast's Feastables Posing A Threat To Hershey's Chocolate Empire?
Saturday, July 15, 2023 - 8:57am | 790Feastables, owned by YouTuber Jimmy Donaldson, popularly known as MrBeast, might be emerging as a potential threat to Hershey’s (NYSE:HSY) chocolate empire. What Happened: Earlier this week, MrBeast took to Twitter to share an intriguing development....
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How An Orphanage Made $1.8 Billion In One Year From Chocolate Stock
Thursday, May 11, 2023 - 1:53pm | 784The Milton Hershey School, founded in 1909 by the famous chocolate tycoon Milton Hershey and his wife, Catherine Hershey, has a heartwarming origin story as an orphanage. Over the years, the school has broadened its horizons to include K-12 students from all backgrounds, including girls, racial...
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Barron's Latest Picks And Pans: Moderna, Netflix, Perrigo, XPO Logistics And More
Sunday, April 25, 2021 - 9:43am | 1102This weekend's Barron's cover story presents the results of the latest Barron's Big Money Poll. Other featured articles show which food stocks are worth bite and which real estate stocks have room to run. Also, see the prospects for a high-profile biotech, a logistics play, a video...
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Success Is Sweet For Hershey, A Shipper Of Choice
Thursday, June 27, 2019 - 2:54pm | 754The Hershey Company (NYSE: HSY) earns recognition as a "Shipper of Choice" because of efforts to optimize its network and reduce its carbon footprint. ""We are proud of this focus," Hershey spokesman Jeff Beckman said. FreightWaves and its partner Convoy conducted a survey to determine the top...
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Benzinga's Insider Buys Of The Week: Range Resources, SL Green Realty And More
Monday, February 5, 2018 - 1:29pm | 662Insider buying can be an encouraging signal for potential investors. Insiders at a natural gas producer and at a real estate investment trust made notable buys this past week. Also a leading candy maker bought the outstanding shares of a buyout target. Conventional wisdom says that...
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Benzinga's Bulls & Bears: Amazon, Chevron, Netflix, Snap, And More
Sunday, January 14, 2018 - 12:17pm | 800Benzinga has featured a look at many investor favorite stocks over the past week. Bullish calls featured a big oil pick and some blockchain picks. Bearish calls included struggling retail, apparel and social media stocks. The new year is off to a strong start with markets again hitting...
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Bloomberg: Hershey Offers Mondelez A Much Needed Exposure To The U.S. Market
Friday, July 1, 2016 - 10:59am | 290Mondelez International Inc (NASDAQ: MDLZ)'s bid to acquire Hershey Co (NYSE: HSY) ended in a failure, prompting some to suggest that the offer wasn't even a serious one in the first place. Bloomberg's Craig Giammona has a somewhat different take and explained why Mondelez would be interested in...
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Hershey Chugs 20% Higher Amid Takeover Interest From Oreo Maker Mondelez
Thursday, June 30, 2016 - 11:24am | 328Shares of Hershey Co (NYSE: HSY) soared higher Thursday morning to a new 52-week high of $117.79 and was trading higher by nearly 20 percent following a report that Mondelez International Inc (NASDAQ: MDLZ) presented a takeover bid. The Wall Street Journal, citing "people familiar with the...
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Citi Analysts Dubious Of Hershey Takeover Rumors
Wednesday, June 15, 2016 - 12:26pm | 530Citi dismissed the recent takeover rumors of Hershey Co (NYSE: HSY) by Nestle SA (ADR) (OTC: NSRGY), saying it is "unlikely" due to the unique company specific factors, mainly the control of the Hershey Trust and Pennsylvania law. However, Citi sees see other companies such as Kellogg Company (NYSE...
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These Candy Companies Aren't Scared By Halloween
Monday, November 2, 2015 - 5:17pm | 321In a recent video, CNBC took a look at "America’s most popular Halloween candy." The National Confectioners Association predicted that $2.6 billion dollars would be spent in candy for Halloween in 2015. This translates to roughly $8 for every U.S. citizen. Most of it was...
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QE Finally Ends
Wednesday, October 29, 2014 - 4:56pm | 1693U.S. stocks were marginally lower as traders and investors begin debating the effects of the markets in an uncertain post Quantitative Easing era. The FOMC has officially tapered the remaining $15 billion of its monthly asset purchases, thus ending the era of quantitative easing for the time...
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5 Stocks To Watch Ahead Of Halloween
Tuesday, October 21, 2014 - 7:05am | 862The upcoming holiday offers something to look forward to for candy and snack food makers such as Hershey Co (NYSE: HSY) and Mondelez International Inc (NASDAQ: MDLZ), retailers such as The Kroger Co. (NYSE: KR) and Wal-Mart Stores, Inc. (NYSE: WMT), and even entertainment giant Twenty-First...
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4 Kraft Divisions Ripe For Spinoff (And Some Possible Suitors)
Friday, August 29, 2014 - 1:46pm | 986BMO Capital analyst Kenneth Zaslow published a note last week suggesting Kraft (NYSE: KRFT) should consider spinning off some segments in order to unlock value. Among Zaslow's reasons, the number of "natural buyers" standing ready to acquire specific segments of Kraft’s food...