chocolate

DA Davidson analyst Brian Holland on Thursday downgraded the shares of Mondelez International Inc (NASDAQ:MDLZ) from Buy to Neutral and raised the price forecast from $66 to $68. The analyst cited weaker U.S. snack demand, uncertainty in emerging markets, and volatility in cocoa prices as the...

Bank of America Securities and other experts are weighing in on the breakdown in merger talks between The Hershey Co. (NYSE:HSY) and Mondelez International, Inc. (NASDAQ:MDLZ).  What Happened: Early Wednesday morning, Mondelez announced a new $9 billion share repurchase program. The Chicago-based...

The Hershey Co (NYSE:HSY) will be reporting its first-quarter earnings on Friday. Wall Street expects $2.76 in EPS and $3.112 billion in revenues as the company reports before market hours. The stock is down about 30% over the past year, +4.44% YTD. Hershey’s scale and experience position it...

chocolate and snack foods company Hershey Co. (NYSE:HSY) is set to report first-quarter financial results on Friday, May 3, before the market opens. Here are the earnings estimates from analysts and key items to watch for investors. Earnings Estimates: Analysts expect Hershey to report first-...

The chocolate industry looks a bit hairy in the run-up to Easter — a particularly choc-heavy holiday. What Happened: Cocoa broke through a milestone, pushing for the first time through the $10,000 per metric ton level. That means, in just 50 days, the price of cocoa has doubled. Candy producer...

The price of an agricultural raw material basket has reached its highest level in more than nine years, driven by the skyrocketing surge in cocoa costs, stirring concerns among chocolate lovers around the globe. The Invesco DB Agriculture Fund (NYSE:DBA) which tracks a broad group of agricultural...

The global chocolate industry is in turmoil as major cocoa plants in Africa, the world’s top producers, are running out of beans, leading to a potential price surge for chocolate consumers worldwide. What Happened: Major cocoa plants in Ivory Coast and Ghana have either halted or reduced...

After hitting a fresh record high on Monday, cocoa prices have slumped 13% — a sharp fall in just three days. But experts say the market remains in critical short supply, which is why Valentine’s Day chocolates were so expensive. Meanwhile, hedge funds continue to build up long positions....

Bad news for those planning to gift their sweetheart a box of chocolate this Valentine’s Day. The price of cocoa, the crucial ingredient for chocolate, has surged over 100% since last year. Cocoa, a regulated commodity that trades on the Intercontinental Exchange (ICE) under the ticker CC,...

The 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...

After the overwhelming success of previous business events, the Benzinga Cannabis Capital Conference is returning to Miami beach April 11-12, 2023 with events taking place simultaneously on two stages at the historic Fontainebleau Hotel. As part of celebrating individuals, entrepreneurs, and...

Hershey Co (NYSE: HSY) is among the best-positioned food companies amid the surge in commodity costs as cocoa prices have remained stable, according to Piper Sandler. The Hershey Company Analyst: Michael Lavery upgraded Hershey Company's stock rating from Neutral to Overweight with a price...

Snack and food company Hershey Co (NYSE: HSY) has multiple catalysts ahead that would justify multiple expansion in 2021 and beyond, according to BofA Securities.  The Analyst: Bryan Spillane upgraded Hershey's from Neutral to Buy with a price target lifted from $156 to $168. The...

Global candy giant Mars has reached a deal to acquire another private food company, Kind, at a reported $5-billion valuation, according to Forbes. What Happened: Mars is best-known for its lineup of candy and chocolate. Kind is a maker of healthy snack bars. Kind was founded by Daniel Lubetzky...

This article was originally published on The Medical Cannabis Community, and appears here with permission. Too afraid of wasting precious cannabis, I’d never made edibles. But, the kief collector of my grinder was packed! After watching a few videos, I made a plan that would take the least...