Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That's according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with the matter.
Oreo maker Mondelez is reportedly trying to buy Hershey. In 2016, Hershey's board rejected the snacking company's $23 billion offer.
Mondelez International is exploring an acquisition of iconic US chocolate maker Hershey Co., in a potential deal that would create a food giant with combined sales of almost $50 billion, according to people familiar with the matter. Crystal Tse has more on "Bloomberg Open Interest.
A report says Mondelez is exploring a takeover of the U.S. chocolate maker.
Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey , Bloomberg News reported on Monday, citing people familiar with the matter.
HSY is battling declines due to slowing consumer demand, increased costs and shifting shopping habits.
HSY is facing a difficult business landscape, with rising cocoa prices and a stretched consumer base leading to continued pressure on its overall performance.
Americans certainly have a sweet tooth. We consume about 17 teaspoons of added sugar daily , about five more than our recommended allotment.
Hershey's strong brand equity and pricing power make it a compelling value investment, especially for dividend-focused investors seeking stability in bear markets. Despite attractive valuation metrics, Hershey faces challenges like stagnant earnings growth, shifting consumer preferences, and soaring cocoa prices. To mitigate risks, consider a diversified approach, including potential hedging with GLP-1 drugmakers like Novo Nordisk and Eli Lilly.
Evercore warns that many packaged food companies are losing market share.
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These quality businesses currently offer dividend yields of 3% or better.