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Hershey Media Report 8/19/16

    Trade Coverage

  1. Mondelez (MDLZ) Stock Down, Investing $100 Million in China

    Aug 18, 2016 | The Street

    By Rachel Aldrich

    Brief mention of the Mondelez bid for Hershey in an article about Mondelez. Relevant portion highlighted below.

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    Trade Coverage

  1. Mondelez (MDLZ) Stock Down, Investing $100 Million in China

    Aug 18, 2016 | The Street

    By Rachel Aldrich

    NEW YORK (TheStreet) -- Shares of Mondelez (MDLZ) were sliding in early-morning trade Thursday after the company announced it would be investing over $100 million in China over the next three years, according to China Daily.

    Mondelez's Milka chocolate brand will hit shelves in September in China, the first of the Deerfield, IL-based snack company's sweets to be sold in the country.

    China has a growing $2.8 billion chocolate market, and Mondelez is looking to take a share of the business with Milka, China Daily reports.

    Manu Anand, president of Asia Pacific chocolates at Mondelez, said the company has spent four years working on its Chinese products as it expands from its other global chocolate portfolios.

    The investment in the country will go toward creating jobs, manufacturing, marketing and upgrading its distribution system in the first three years, said Cesar Melo, president of the company's global chocolate team.

    Also, Mondelez recently bid $23 billion to purchase rival chocolate makerHershey's (HSY), but the offer was rejected by Hershey's board.

    Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

    TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

    The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

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