Latest news with #BarryCallebautAG
Business Insider
09-08-2025
- Business
- Business Insider
Barry Callebaut AG (BARN) Receives a Buy from Kepler Capital
Kepler Capital analyst Jon Cox maintained a Buy rating on Barry Callebaut AG on August 7 and set a price target of CHF1,300.00. The company's shares closed yesterday at CHF994.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Cox covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, DANONE SA, and JDE Peet's NV. According to TipRanks, Cox has an average return of 1.6% and a 50.45% success rate on recommended stocks. Barry Callebaut AG has an analyst consensus of Moderate Buy, with a price target consensus of CHF1,022.50. Based on Barry Callebaut AG's latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of CHF7.29 billion and a net profit of CHF32.05 million. In comparison, last year the company earned a revenue of CHF4.64 billion and had a net profit of CHF77.93 million
Yahoo
15-07-2025
- Business
- Yahoo
Cocoa Prices Fall on Weak Malaysian Demand Report
September ICE NY cocoa (CCU25) today is down -449 (-5.42%), and September ICE London cocoa #7 (CAU25) is down -153 (-2.85%). Cocoa prices are trading lower on demand concerns, after the Malaysian Cocoa Board and Cocoa Manufacturers Group reported on Tuesday that cocoa bean processing in Q2 fell by -22% y/y. The market is looking ahead to the quarterly Q2 cocoa grinding reports that are expected on Thursday. Cocoa grindings reports for Q1 were weak. Q1 North American cocoa grindings fell -2.5% y/y to 110,278 MT, Q1 European cocoa grindings fell -3.7% y/y to 353,522 MT, and Q1 Asian cocoa grindings fell -3.4% y/y to 213,898 MT. Coffee Prices Surge on Dry Conditions in Brazil and Tariff Threats Coffee Prices Sharply Higher on Dry Weather in Brazil and Tariff Threats Grain Market Bears Seized the Moment Last Week. What That Means for Corn, Soybeans, and Wheat. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Monday's government data showed that Ivory Coast farmers shipped 1.73 MMT of cocoa to ports this marketing year from October 1 to July 13, up +6.8% from last year but down from the much larger +35% increase seen in December. There are reports that heavy rain in the Ivory Coast is keeping cocoa growers off their farms and is disrupting the ongoing mid-crop cocoa harvest. Demand concerns are weighing on cocoa prices after chocolate maker Barry Callebaut AG reduced its sales volume guidance last Thursday for a second time in three months, citing persistent cocoa price volatility. The company projects a decline in full-year sales volume and said it "saw its largest decline in a decade in the third quarter." Bigger cocoa supplies from Ghana are bearish for prices. On July 1, the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop would increase by +8.3% y/y to 650,000 from 600,000 MT in 2024/25. Ghana is the world's second-largest cocoa producer. In a bearish factor, ICE-monitored cocoa inventories held in US ports climbed to a 10-month high of 2,363,861 bags on June 18 and were modestly below that high at 2,338,724 bags as of Monday. Cocoa prices have support from quality concerns regarding the Ivory Coast's mid-crop cocoa, which is currently being harvested through September. Cocoa processors are complaining about the quality of the crop and have rejected truckloads of Ivory Coast cocoa beans. Processors reported that about 5% to 6% of the mid-crop cocoa in each truckload is of poor quality, compared with 1% during the main crop. According to Rabobank, the poor quality of the Ivory Coast's mid-crop is partly attributed to late-arriving rain in the region, which limited crop growth. The mid-crop is the smaller of the two annual cocoa harvests, which typically starts in April. The average estimate for this year's Ivory Coast mid-crop is 400,000 MT, down -9% from last year's 440,000 MT. Concern about consumer demand for cocoa and cocoa products is bearish for cocoa, driven by fears that tariffs will exacerbate already high cocoa prices. On April 10, Barry Callebaut AG, one of the world's largest chocolate makers, reduced its annual sales guidance due to high cocoa prices and tariff uncertainty. Also, chocolate maker Hershey Co. recently reported that Q1 sales fell by 14% and said it anticipated $15-$20 million in tariff costs in Q2, which will boost chocolate prices and further weigh on consumer demand. Mondelez International reported weaker-than-expected Q1 sales, stating that consumers are cutting back on snack purchases due to economic uncertainty and high chocolate prices. On May 30, the International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to -494,000 MT from a February estimate of -441,000 MT, the largest deficit in over 60 years. ICCO said 2023/24 cocoa production fell by 13.1% y/y to 4.380 MMT. ICCO said the 2023/24 global cocoa stocks/grindings ratio fell to a 46-year low of 27.0%. Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Insider
12-07-2025
- Business
- Business Insider
Kepler Capital Keeps Their Buy Rating on Barry Callebaut AG (BARN)
Kepler Capital analyst Torsten Sauter maintained a Buy rating on Barry Callebaut AG on July 10 and set a price target of CHF1,300.00. The company's shares closed yesterday at CHF837.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Sauter covers the Industrials sector, focusing on stocks such as Daetwyler Holding, Bystronic, and Komax Holding AG. According to TipRanks, Sauter has an average return of 5.8% and a 54.37% success rate on recommended stocks. Barry Callebaut AG has an analyst consensus of Moderate Buy, with a price target consensus of CHF1,016.20. The company has a one-year high of CHF1,607.00 and a one-year low of CHF707.50. Currently, Barry Callebaut AG has an average volume of 23.15K.
Mint
10-07-2025
- Business
- Mint
Barry Callebaut Shares Plunge as it Cuts Guidance Again
(Bloomberg) -- Swiss cocoa grinder Barry Callebaut AG cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility. Shares fell by as much as 10% in early Zurich trading, the most since April. The firm now sees a 7% decline in full-year sales volume, compared with a mid single-digit decrease forecast in April, according to a statement on Thursday. It posted revenue of CHF 10.95 billion ($13.8 billion), and a 6.3% decrease in sales volume for the first nine months of its fiscal year, saying the global chocolate market 'saw its largest decline in a decade in the third quarter'. It also expects a mid to high single-digit increase in recurring earnings before interest and taxes in local currencies for the year 2024/25, compared with a double-digit increase expected before. As inflationary pressures squeeze consumer budgets and demand, Barry Callebaut has seen sales to chocolate-manufacturing clients decline. Unlike consumer brands like Swiss Lindt & Spruengli AG, the firm has had difficulties passing on higher cocoa prices to customers, due to its lack of premium brand pricing power. While cocoa bean prices are down more than 30% this year and higher production is expected in the season that starts in October, chocolate-makers are still clearing expensive inventories, keeping prices elevated. Uncertainty around potential tariffs by the US is also pressuring demand. Barry Callebaut's global chocolate business saw a decline of 12.3% in third-quarter sales volume in North America. 'Overall the weak volumes in Q3 lowers the visibility on when a return to volumes growth is likely,' JPMorgan Chase & Co analyst Edward Hockin wrote in a note, adding he sees 'risks to next year consensus volumes expectations.' Barry Callebaut has seen its share price plunge more than 30% since 2024, when cocoa prices began surging due to poor harvests in West Africa and other growing regions. The firm is undergoing restructuring under Chief Executive Officer Peter Feld, who is trying to edge the company closer to its business-to-business clients. --With assistance from Allegra Catelli. (Updates with share price decline in second paragraph, analyst comment in eighth paragraph.) More stories like this are available on
Yahoo
18-06-2025
- Business
- Yahoo
Cocoa Prices Hammered by Favorable Growing Conditions in West Africa
July ICE NY cocoa (CCN25) today is down -266 (-2.68%), and July ICE London cocoa #7 (CAN25) is down -202 (-3.14%). Cocoa prices today added to Tuesday's losses and are sharply lower, with London cocoa falling to a 2-1/2 week low. Rain forecasts for West Africa are expected to benefit the region's cocoa crops and are weighing on prices. Forecaster Vaisala stated Tuesday that moderate to heavy rainfall has fallen in West Africa over the past few days and is expected to persist through the end of the week. Coffee Prices Pressured by Rain in Brazil Grains, Unrest, & Gold: What Middle East Tensions Mean for Your Portfolio Now West African Rain Benefits Cocoa Crops and Undercut Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The rebound in current cocoa inventories is also bearish for prices. Since falling to a 21-year low of 1,263,493 bags on January 24, ICE-monitored cocoa inventories held in US ports have rebounded and climbed to a 9-month high of 2,310,539 bags Tuesday. Cocoa prices have some support from the slowing pace of cocoa exports from the Ivory Coast, which could lead to tighter future cocoa supplies. Monday's government data showed that Ivory Coast farmers shipped 1.66 MMT of cocoa to ports this marketing year from October 1 to June 15, up +6.4% from last year but down from the much larger +35% increase seen in December. Signs of smaller cocoa exports are supportive of cocoa prices, following last Wednesday's news of a -11% y/y decline in Nigerian April cocoa exports to 18,561 MT. Nigeria is the world's fourth-largest cocoa exporter. Late last month, NY cocoa rallied to a 4-1/2 month nearest-futures high on concerns about weather in West Africa. Despite the recent rain in West Africa, drought still covers more than a third of Ghana and the Ivory Coast, according to the African Flood and Drought Monitor. Cocoa prices also have support on quality concerns regarding the Ivory Coast cocoa mid-crop, which is currently being harvested through September. Cocoa processors are complaining about the quality of the crop and have rejected truckloads of Ivory Coast cocoa beans. Processors reported that about 5% to 6% of the mid-crop cocoa in each truckload is of poor quality, compared with 1% during the main crop. According to Rabobank, the poor quality of the Ivory Coast's mid-crop is partly attributed to late-arriving rain in the region, which limited crop growth. The mid-crop is the smaller of two annual cocoa harvests, which typically starts in April. The average estimate for this year's Ivory Coast mid-crop is 400,000 MT, down -9% from last year's 440,000 MT. Concern about consumer demand for cocoa and cocoa products is bearish for cocoa, driven by fears that tariffs will exacerbate already high cocoa prices. On April 10, Barry Callebaut AG, one of the world's largest chocolate makers, reduced its annual sales guidance due to high cocoa prices and tariff uncertainty. Also, chocolate maker Hershey Co. recently reported that Q1 sales fell by 14% and said it anticipated $15-$20 million in tariff costs in Q2, which will boost chocolate prices and further weigh on consumer demand. Mondelez International reported weaker-than-expected Q1 sales, stating that consumers are cutting back on snack purchases due to economic uncertainty and high chocolate prices. Weaker demand from cocoa processors was seen in Q1. Q1 North American cocoa grindings fell -2.5% y/y to 110,278 MT. Q1 European cocoa grindings fell -3.7% y/y to 353,522 MT. Q1 Asian cocoa grinding fell -3.4% y/y to 213,898 MT. On May 30, The International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to -494,000 MT from a February estimate of -441,000 MT, the largest deficit in over 60 years. ICCO said 2023/24 cocoa production fell -13.1% y/y to 4.380 MMT. ICCO said the 2023/24 global cocoa stocks/grindings ratio was 27.0%, a 46-year low. Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in 4 years. ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
