Bernstein analyst Alexia Howard estimates a further 30% fall in cocoa prices could boost Hershey's earnings per share by 8.6%.
The suit alleges Nestlé sold 'common groundwater' in its Poland Spring brand.
Meanwhile, the activist hedge fund increased its stake in Snap's foremost competitor.
Eden Creamery thinks its brand could sell for as much as $2 billion.
The food giant has just a few weeks till the end of the six-month moratorium after Unilever rejected its $143 billion offer.