Latest news with #Oreo
CNBC
an hour ago
- Business
- CNBC
This snack maker is a buy as the outlook for cocoa prices improves, says Jefferies
Mondelez International will get a boost from an improving outlook in cocoa prices, according to Jefferies. The firm upgraded the snack maker to buy from hold in a Thursday note and raised its price target to $78 per share from $66. Jefferies' new forecast implies about 16% upside from Wednesday's close. Mondelez's portfolio of chocolate products includes Oreo and Chips Ahoy cookies. "Cocoa inflation has been a headwind to profit recently, although with an improving cocoa supply/demand outlook, limited volume hit despite high cocoa-driven price increases, and strong execution capabilities, the company is positioned well to recover input cost inflation and grow faster vs. center-store peers," analyst Scott Marks said. Cocoa futures are down more than 37% year to date after hitting a record high in December. Marks also said Mondelez is "advantageously positioned in faster-growth snacking categories with exposure to faster-growth markets relative to many of its US peers, and with a well-positioned balance sheet." The analyst added that while there are signs that the U.S. consumer remains under pressure, strength in Europe and the overall cocoa market should both be tailwinds for Mondelez. "While U.S. retail sales data suggests a still pressured consumer, we believe Europe dynamics, strong execution, and an improving cocoa outlook position MDLZ well for profit upside in '26 and beyond," he said. Mondelez International shares, which are up 13% year to date, rose about 1% in the premarket after the Jefferies upgrade. MDLZ YTD mountain MDLZ year to date Analysts are mostly bullish on Mondelez. Of the 29 who cover it, 19 rate it a buy or strong buy, LSEG data shows.
17 hours ago
- Health
YoCrunch yogurt products voluntarily recalled due to possible plastic contamination
Danone U.S. is voluntarily recalling 17 varieties of YoCrunch yogurt sold nationwide "due to the potential presence of plastic pieces in the dome topper," the company said this week. In a company announcement shared on the U.S. Food and Drug Administration website Monday, Danone U.S. said it initiated the recall in cooperation with the FDA on July 11, 2025, after consumers "reported the presence of plastic pieces in the toppers, which have the potential to cause choking." The products come in two adjoining containers, a base filled with yogurt and a separately sealed topper with various add-ins like Oreo pieces, mini M&M's candies, Snickers and Twix. The transparent plastic pieces may have sharp edges, which Danone U.S. said "could present a risk to consumers because some pieces are between 7 and 25 mm in length." "The issue is isolated only to the separately packaged topper and does not impact the separately packaged yogurt," the company said, noting that the recall applies to "all flavors and sizes of YoCrunch products currently inmarket." A full list of impacted products, including lot numbers and expiration dates, can be found here. Danone U.S. said it is "working swiftly with retail partners to remove the impacted product from shelves, while it works to address the issue and bring back the YoCrunch products so many people enjoy." Customers who purchased the recalled YoCrunch products have been urged to not consume them and to contact the company's consumer care line at (877) 344-4886, Monday through Friday from 9 a.m. to 6 p.m. ET, for questions and refund information. In a statement to ABC News on Wednesday, Danone U.S. said, "We take every consumer experience seriously and are issuing this voluntary recall in line with Danone's commitment to product quality and consumer safety."
Eater
2 days ago
- Business
- Eater
Smash Burger Restaurant Gets an Opening Date on the Las Vegas Strip
The Cosmopolitan has been without a dedicated burger restaurant ever since Holsteins closed in July 2024. This changes as of Monday, July 28, when Naughty Patty's opens its doors at the Block 16 Urban Food Hall, near China Poblano. The casual, retro-style spot leans into Las Vegas's ongoing obsession with smash burgers, serving thin, lacy patties with nearly caramelized edges. The burgers are made from a blend of ground chuck and brisket, seared and topped with lettuce, tomato, and raw onion, plus a citrusy yuzu and sesame oil sauce. The anticipated restaurant will also serve chili-style hot dogs, crispy grilled cheese sandwiches, and seasoned fries tossed in furikake. For dessert, thick concretes come loaded with toppings in nostalgic flavors like Oreo and strawberry shortcake. Naughty Patty's will be open daily from 11 a.m. to 10 p.m. Naughty Patty's. Janna Karel Dave's Hot Chicken Opens at the Airport Travelers flying out of Harry Reid International Airport's Terminal D — like those on American, Delta, and Frontier — can soon grab spicy sandwiches before takeoff. Dave's Hot Chicken opens its first airport location on Friday, July 18, debuting a breakfast menu for the first time. Offerings will include hot chicken and waffles, breakfast sliders with eggs, and burritos stuffed with hot chicken and hashbrowns. LA Rice Bowl Restaurant Opens Another Vegas Location Los Angeles-based rice bowl chain, WaBa Grill, opened another Southern Nevada location on Monday, July 14, at 7060 South Durango Drive #115 near West Warm Springs Road. Menu items include chicken rice bowls, salmon with steamed vegetables, shrimp tacos, and dumplings. Superior Grocers Opens Another Las Vegas Location It's been a banner year for regional grocers in Las Vegas. Following the recent arrivals of H-Mart and Aldi, Southern California-based Superior Grocers will open its second local store on Wednesday, July 23, at 390 South Decatur Boulevard, near West Charleston. Eater Vegas All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Time of India
2 days ago
- Time of India
Cocaine in biscuit boxes: Woman from Doha caught smuggling Rs 62 crore stash at Mumbai airport
Passengers at Mumbai's Chhatrapati Shivaji Maharaj International Airport witnessed a jaw-dropping twist straight out of a crime thriller when customs officers busted a woman smuggling a colossal quantity of cocaine, concealed not in secret pouches, but in biscuit boxes and chocolate boxes. DRI Mumbai seized 6.26 kg of cocaine worth ₹62.6 crore from an Indian woman arriving from Doha at Mumbai Airport on July 14, 2025. Acting on specific intelligence, officials recovered 300 cocaine-filled capsules hidden in Oreo and chocolate boxes. The woman was arrested under… Sweet treats with a dark twist: Cocaine found in biscuit and chocolate boxes As reported by IANS, The Indian national, who had landed from Doha, Qatar on July 14, was intercepted by the Directorate of Revenue Intelligence (DRI) based on a confidential tip-off. Sources had alerted the agency about a suspected female smuggler arriving with narcotics that day, prompting officials to closely monitor incoming passengers. 300 capsules of cocaine hidden in plain sight During the detailed luggage inspection, officers grew suspicious of six large biscuit boxes and three chocolate packs that the woman was carrying. But instead of sweet snacks, each of the nine boxes contained capsules, 300 in total, packed with a mysterious white powder. Upon testing, the substance was confirmed to be cocaine. Weighing in at 6,261 grams, the drug stash is estimated to be worth a staggering Rs 62.6 crore in the international narcotics market. Authorities were quick to seize the material, arrest the woman, and launch a deeper investigation into the smuggling network. An official associated with the operation stated that this was one of the largest drug seizures at the airport in recent months, adding that concealing drugs inside common food items is a tactic smugglers increasingly use to avoid detection. Not the first attempt in recent weeks This bust follows another similar operation just weeks earlier, when DRI officers caught a male passenger from Sierra Leone on June 22 with 1,139 grams of cocaine. That seizure, valued at Rs 11.39 crore, highlights how international drug cartels continue to use India as both a transit and target market for cocaine distribution. Officials noted that repeated attempts using diverse smuggling methods show the growing need for increased airport surveillance and real-time intelligence exchange. Both passengers remain in custody, and officials are probing further links to organised drug syndicates operating through global trafficking routes. Investigation underway The woman is currently being questioned, and authorities are working to determine whether she is part of a larger international network. As investigations continue, the DRI remains tight-lipped about specific findings but maintains that more arrests could follow.
New York Post
2 days ago
- Health
- New York Post
YoCrunch yogurts recalled for possible plastic pieces in toppers
Danone U.S. is recalling YoCrunch yogurts over the risk that the products' dome toppers may have pieces of plastic inside them. The company said all flavors and sizes of YoCrunch products 'currently in-market' are subject to the recall. Advertisement The details of the various types of recalled yogurt products and their expiration dates were listed in Danone's recall notice posted Monday on the Food and Drug Administration's website. The expiration dates range from this month to dates in September, depending on the specific product. Danone said in a press release it 'takes every consumer experience seriously and is initiating this voluntary recall in line with its commitment to product safety quality and consumer safety.' The recall was spurred by some consumers saying they discovered plastic pieces within the toppers of the YoCrunch products, the FDA recall notice said. 4 Recalled boxes of YoCrunch yogurt with Oreo and M&Ms. FDA Advertisement 4 The company said all flavors and sizes of YoCrunch products 'currently in-market' are subject to the recall. The clear plastic pieces, which could be sharp and be between 7-25 millimeters long in some cases, 'have the potential to cause choking,' per the notice. The possible presence of the plastic pieces is 'isolated only to the separately packaged topper' that comes with the YoCrunch yogurts, the company said. Advertisement The dome toppers of the recalled yogurts hold toppings like Oreos, candy, cookie dough and granola, according to the FDA recall notice. To be safe, the recalled YoCrunch yogurt products should still not be eaten, according to the recall notice. They should be thrown in the trash, Danone said on its website. Customers can get in touch with the YoCrunch Consumer Care Line about getting their money back for any affected yogurt products, Danone said. Sales of the recalled yogurts occurred at retailers across the country. Advertisement 4 The dome toppers of the recalled yogurts hold toppings like Oreos, candy, cookie dough and granola, according to the FDA recall notice. 4 To be safe, the recalled YoCrunch yogurt products should still not be eaten, according to the recall notice. Danone is 'working swiftly with retail partners to remove the impacted product from shelves, while it works to address the issue and bring back the YoCrunch products so many people enjoy,' according to the company. FOX Business reached out to Danone for comment. Danone U.S.'s parent company has owned YoCrunch for nearly twelve years, having purchased the brand in 2013, according to reports. The brand itself has been around for over three decades.
