Consumer Goods Stocks Under Scanner -- Mondelez Intl., Mattel, Hershey, and Hasbro
NEW YORK, September 8, 2016 /PRNewswire/ --
Despite being pressured by changing consumer preferences, declining brand loyalty, and emerging competition, several stocks in the U.S. Consumer Goods space continue to present growth opportunities and exhibit long-term potential. In today's pre-market research, Stock-Callers.com takes a look at four equities, namely: Mondelez International Inc. (NASDAQ: MDLZ), Mattel Inc. (NASDAQ: MAT), The Hershey Co. (NYSE: HSY), and Hasbro Inc. (NASDAQ: HAS). You can access of our complimentary research reports on these stocks now at:
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Mondelez Intl.
Deerfield, Illinois-based Mondelez International Inc.'s shares dropped 1.85%, closing Wednesday's trading session at $43.60. The stock recorded a trading volume of 7.25 million shares. Shares of the Company have advanced 0.41% in the last month. The stock is trading 2.09% above its 200-day moving average. Additionally, shares of Mondelez International, which through its subsidiaries, manufactures and markets snack food and beverage products worldwide, have a Relative Strength Index (RSI) of 47.15.
On August 29th, 2016, Mondelēz International announced that it has ended discussions with The Hershey Company regarding a possible combination of the two companies. Chairman and CEO Irene Rosenfeld commented: "Our proposal to acquire Hershey reflected our conviction that combining our two iconic American companies would create an industry leader with global scale in snacking and confectionery and a strong portfolio of complementary brands. Following additional discussions, and taking into account recent shareholder developments at Hershey, we determined that there is no actionable path forward toward an agreement."
On September 06th, 2016, research firm JP Morgan resumed its 'Overweight' rating on the Company's stock. Visit us today and download your complete report on MDLZ for free at:
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Mattel
On Wednesday, shares in El Segundo, California headquartered Mattel Inc. recorded a trading volume of 2.54 million shares. The stock declined 0.15%, ending the day at $32.85. The Company's shares have advanced 4.36% in the previous three months and 25.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.72% and 8.96%, respectively. Furthermore, shares of Mattel, which designs, manufactures, and markets a range of toy products worldwide, have an RSI of 45.65.
On August 31st, 2016, American Girl®, a premium brand for girls and subsidiary of Mattel, announced a multi-year partnership with the world's leading dedicated toy and baby products retailer, Toys"R"Us, Inc. The collaboration will make Toys"R"Us® the first and only U.S.-based retailer to feature American Girl shop-in-shops in select stores, and the exclusive retail partner to carry American Girl's popular Truly Me™ line of contemporary 18-inch dolls, doll outfits and accessories. The complimentary research report on MAT can be accessed at:
http://stock-callers.com/registration/?symbol=MAT
The Hershey
Hershey, Pennsylvania headquartered The Hershey Co.'s stock finished the day 0.66% lower at $99.13, with a total volume of 1.44 million shares traded. The Company's shares have gained 6.35% in the previous three months and 13.10% since the start of this year. The stock is trading above its 200-day moving average by 5.37%. Additionally, shares of Hershey, which manufactures, imports, markets, distributes, and sells confectionery products, have an RSI of 25.06.
On September 06th, 2016, Chef'd, the first and only online meal kit marketplace, announced a partnership with Hershey to add the confectionery leader's iconic desserts to its growing meal kit offerings. The partnership marks the launch of the desserts category for Chef'd as well as the first time branded desserts enter the online meal kit market, giving customers the ability to purchase desserts from HersheysKitchens.com and Scharffenberger.com.
On September 06th, 2016, research firm JP Morgan resumed its 'Neutral' rating on the Company's stock. Register for free on Stock-Callers.com and download the PDF research report on HSY at:
http://stock-callers.com/registration/?symbol=HSY
Hasbro
Shares in Pawtucket, Rhode Island headquartered Hasbro Inc. ended yesterday's session 0.08% lower at $82.64. The stock recorded a trading volume of 555,418 shares. The Company's shares have advanced 1.10% in the last one month and 24.98% on an YTD basis. The stock is trading 0.97% above its 50-day moving average and 5.90% above its 200-day moving average. Moreover, shares of Hasbro, which together with its subsidiaries, provides children's and family leisure time products and services worldwide, have an RSI of 53.49.
On August 1st, 2016, Kabam, a world leader of massively multiplayer mobile games for a global audience, and Hasbro announced a partnership to develop an AAA massively multiplayer mobile game inspired by the iconic Transformers franchise. The Transformers mobile game will be developed by Kabam Vancouver, the studio who created Fast & Furious: Legacy and Marvel Contest of Champions, a top 10 grossing game on the App Store. Get free access to your research report on HAS at:
http://stock-callers.com/registration/?symbol=HAS
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