"We bought quite a bit of stock and we've got quite a bit more to buy," Trian Fund's Peltz said.
CNBC's Eric Chemi reports on how Venezuela’s economic turmoil is impacting U.S. companies.
Without basic goods like food and medicine, the country is facing drawn-out humanitarian and financial crises.
These are the stocks posting the largest moves after the bell, including Mondelez, Square and more.
Oreo releases its newest concoction, something that may get cookie fans to head for the candy aisle, reports Eater.
Crossing President-elect Trump's path is proving to be treacherous and he's not even in office yet.
3G Capital is raising between $8 billion and $10 billion to fund a new acquisition that could target food companies, according to a report.
The newly designed chocolate bars will have longer gaps between the elevated portions in a move to cut down the cost of ingredients.
Hershey, the maker of Hershey's Kisses and Reese's Peanut Butter Cups, reported a 2.2 percent rise in revenue as demand strengthened in the U.S.
U.S. stock closed mostly lower on Wednesday as earnings season continued, while solid economic data helped financials.
Rosenfeld told CNBC on Wednesday she was pleased with her company's earnings performance despite a tough market environment.
Irene Rosenfeld, Mondelez Chairman and CEO, discusses her company's earnings performance and growth in "power brands."
Mondelez reported a 6.6 percent drop in quarterly revenue, largely due to deconsolidation of its Venezuelan operations.
U.S. stock index futures pointed to a solidly lower open, as investors got ready to wade through another downpour of earnings.
Trian Fund's Nelson Peltz also tells CNBC: "I don't know why the hell they're thinking about having an interest rate hike."
The chief executive of Hershey Co, the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, the company said in a release.
Chocolate companies are coping with a slowdown in major markets such as the U.S. at a time when emerging markets are losing steam.
Entrepreneurship is a mindset, says Bonin Bough, host of CNBC's "Cleveland Hustles."
The death toll from a fire at a food and cigarette packaging factory in Bangladesh rose to 29 on Sunday as fire crews began digging through debris.
Some of the names on the move ahead of the open.