Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 24, 2022

Article Excerpt

MONDELEZ INTERNATIONAL INC., $62.65, Nasdaq symbol MDLZ, is a buy. The company makes cookies and crackers (Oreo, Ritz), chocolate bars (Cadbury, Toblerone), gum and candy (Trident, Dentyne) and Halls cough drops. Mondelez has agreed to buy Clif Bar & Co. Based in California, that privately held firm makes energy bars from organic ingredients under the CLIF, LUNA and CLIF Kid brands. The company will pay $2.9 billion for Clif. That’s equal to 2.5 times the $1.17 billion, or $0.84 a share, that it earned in the first quarter of 2022. It expects to complete the purchase in the third quarter of 2022. Buying Clif is part of Mondelez’s plan to add higher-margin, more-healthful products. The company can also use its extensive distribution networks to expand the availability of Clif products, particularly outside of the U.S. Mondelez is a buy. Mondelez recent coverage: May 2022 issue Hotline for March 18, 2022 ABB LTD. ADRs, $26.77, New York symbol ABB, is a buy. This Swiss-based company is a leading…

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