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General Mills Hit With Downgrade After Blue Buffalo Deal
Monday, February 26, 2018 - 11:28am | 366General Mills, Inc. (NYSE: GIS) announced Friday that it was expanding into pet food with the $8-billion acquisition of Blue Buffalo Pet Products Inc (NASDAQ: BUFF). Investors reacted to the news with a 3.6-percent sell-off and analysts were similarly unenthused. The Rating Societe Generale...
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New CEO Sweetens Mondelez Outlook, Societe Generale Upgrades To Buy
Friday, February 2, 2018 - 12:36pm | 397Mondelez International Inc (NASDAQ: MDLZ) reported in-line earnings this week with 2.4-percent organic sales growth and 21-percent earnings per share growth. The resulting 4.8-percent value boost remains largely intact — and there's room for more upside, according to a Societe Generale...