Mondelez International Stock (NASDAQ: MDLZ)

Dernières nouvelles pour Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.

Mondelez International, Inc. - Class A Common Stock

Mondelez International Inc

MONDELEZ INTERNATIONAL CL A ORD

B of A Securities analyst Bryan Spillane maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy and raises the price target from $80 to $84.

News

Price Target

Analyst Ratings

MDLZ

B of A Securities Maintains Buy on Mondelez International, Raises Price Target to $84

Citigroup analyst Thomas Palmer maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy and raises the price target from $79 to $80.

Citigroup Maintains Buy on Mondelez International, Raises Price Target to $80

Mondelez International's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NYSE">MDLZ</a>) short percent of float has risen 5.71% since its last report. The company recently reported that it has 14.79 million shares sold short, which is 1.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mondelez International Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727808323_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mondelez International has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mondelez International's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mondelez International's peer group average for short interest as a percentage of float is 4.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(MDLZ) - Analyzing Mondelez International's Short Interest

Whales with a lot of money to spend have taken a noticeably bearish stance on Mondelez International.
Looking at options history for Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $120,426 and 8, calls, for a total amount of $426,661.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $77.5 for Mondelez International, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Mondelez International's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Mondelez International's significant trades, within a strike price range of $40.0 to $77.5, over the past month.
<h3>Mondelez International Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727724633_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MDLZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$34.8</td>
<td>$32.5</td>
<td>$34.8</td>
<td>$40.00</td>
<td>$149.6K</td>
<td>60</td>
<td>43</td>
</tr>
<tr>
<td>MDLZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.4</td>
<td>$72.50</td>
<td>$84.7K</td>
<td>123</td>
<td>380</td>
</tr>
<tr>
<td>MDLZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.45</td>
<td>$1.3</td>
<td>$1.31</td>
<td>$77.50</td>
<td>$77.2K</td>
<td>1.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MDLZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.5</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$75.00</td>
<td>$47.2K</td>
<td>883</td>
<td>75</td>
</tr>
<tr>
<td>MDLZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.55</td>
<td>$1.45</td>
<td>$1.45</td>
<td>$77.50</td>
<td>$44.8K</td>
<td>1.4K</td>
<td>387</td>
</tr>
</tbody>
</table>

<h3>About Mondelez International</h3>
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.
Having examined the options trading patterns of Mondelez International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Mondelez International's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,333,980, with MDLZ's price down by -1.27%, positioned at $73.26.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<h3>Professional Analyst Ratings for Mondelez International</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $85.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Mondelez International with a target price of $85. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Mondelez International with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Mondelez International's Options Frenzy: What You Need to Know

Mondelēz Launches New Platform Designed To Improve Its Global Marketing Capabilities, Working In Collaboration With Accenture

Evercore ISI Group analyst David Palmer maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Outperform and raises the price target from $79 to $85.

Evercore ISI Group Maintains Outperform on Mondelez International, Raises Price Target to $85

Mondelez International's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NYSE">MDLZ</a>) short percent of float has fallen 13.76% since its last report. The company recently reported that it has 12.54 million shares sold short, which is 0.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.99 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mondelez International Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725460216_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mondelez International has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Mondelez International's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mondelez International's peer group average for short interest as a percentage of float is 4.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Mondelez International?

During this quarter's earnings cycle, many companies have <a href="https://www.benzinga.com/topic/inflation">warned of cautious consumers due to high and persistent inflation. </a>And it's not just big-ticket items such as cars and furniture on which consumers are cutting back.
J M Smucker Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), the parent company of Smucker's jelly and jams, warned that people are cutting back spending at convenience stores. Smucker's, which also owns the Jif peanut butter and Uncrustable brands, reported stronger-than-expected EPS in the company's first quarter, but the company's lower guidance and cautious commentary led to a sell-off in shares after the report.
Shares closed Wednesday's session down nearly 5%; on Thursday, shares were down 1.30% at $113.32 at publication.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">Dollar General Q2 Earnings: Earnings Miss, Slashed Outlook And Shrinking Margins </a><a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins"> </a>Analysts adjusted their expectations on the packaged-food giant, with CitiGroup, BofA Securities and TD Cowen all lowering their price targets following the report. The company did highlight significant, double-digit growth in its Uncrustable brand, a packaged peanut butter and jelly sandwich found in the frozen section of grocery stores. But, in other areas such as coffee, executives at Smucker's highlighted higher input costs caused the company to raise prices, thus weakening sales.
If consumers continue to cut back on spending at convenience stores and on brand-name products, it could be a headwind for other food companies such as Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Kraft Heinz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>). Thursday morning, Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">reported earnings</a> that came in below Wall Street estimates and warned of a &#8220;cash-strapped&#8221; customer, echoing the sentiment from Smucker's.
Price consumption expenditures data, the Federal Reserve's preferred gauge of inflation, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40624107/traders-brace-for-feds-favorite-inflation-report-friday-july-price-pressures-expect">will be released Friday morning and should shed more light on whether prices are rising or cooling. </a>Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40602246/j-m-smucker-cuts-fy25-outlook-following-q1-earnings-read-why">J.M. Smucker Cuts FY25 Outlook Following Q1 Earnings: Read Why</a>
Photo: Shutterstock

Equities

Economics

General

Inflation Is Eating Into Sales Of Companies Across The Board, Even This Household Food Name

Teamsters Ratify New 5-Year Contract With Mondelēz, Securing 24% Average Wage Increase And $1,500 Ratification Bonus

The tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), closed Thursday 2.5% higher, notching its sixth consecutive positive session and marking a strong rebound after the index had entered correction territory due to <a href="https://www.benzinga.com/markets/equities/24/08/40135090/old-school-summer-risk-off-vix-up-over-50-nasdaq-100-enters-correction-chipmakers-officially-in-">the early-month selloff.</a>
With a 9% rally over the last six sessions, this marks the best six-day run since November 2022, signaling that bullish sentiment remains alive among traders who jumped at the opportunity to buy tech stocks on the dip.
From a technical perspective, Thursday's session represents a significant checkpoint for the Nasdaq 100, as the index climbed back above its 50-day moving average after dropping below it on July 24.
<h3 class="wp-block-heading">Chart: Tech Stocks Break Above 50-Day Average, Notch Strongest 6-Day Rally In Nearly Two Years</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1024x458.png" alt="" class="wp-image-497713" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1024x458.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-768x344.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1536x687.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
Also Read: <a href="https://www.benzinga.com/exclusives/24/08/40403222/exclusive-which-magnificent-7-stock-would-investors-put-1-000-in-today-44-of-benzinga-readers-pick-t">EXCLUSIVE: Which Magnificent 7 Stock Would Investors Put $1,000 In Today? 44% Of Benzinga Readers Pick This Company</a>
Within tech industries, semiconductor stocks saw the most significant gains, with the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) up 16% over the last six sessions, also marking its strongest streak since late 2022.
The easing of recession fears that surfaced earlier this month has been the primary catalyst driving the recovery in the stock markets, particularly in tech stocks, which were among the hardest hit at the start of the month.
The U.S. economy hasn&#8217;t appeared as sluggish as some early August economic data suggested—especially the disappointing July jobs report.
Initial jobless claims have unexpectedly declined over the past two weeks, casting reasonable doubt on whether the July increase in the unemployment rate from 4.1% to 4.3% was merely a temporary anomaly rather than a sign of deeper labor market issues.
Retail sales also sharply exceeded expectations in July, showing a robust 1% month-over-month increase—the fastest pace since January 2023. Not exactly what you would expect from an economy on the brink of a recession.
<h3 class="wp-block-heading">Top Five Performing Nasdaq 100 Stocks On Thursday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% Return</td>
</tr>
<tr>
<td>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</td>
<td>8.71</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>8.59</td>
</tr>
<tr>
<td>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</td>
<td>6.78</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>6.76</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>6.68</td>
</tr>
</tbody>
</table>
</figure>
Worst Five Performing Nasdaq 100 Stocks On Thursday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% Return</td>
</tr>
<tr>
<td>Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>)</td>
<td>-1.32</td>
</tr>
<tr>
<td>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>)</td>
<td>-1.24</td>
</tr>
<tr>
<td>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</td>
<td>-0.96</td>
</tr>
<tr>
<td>Verisk Analytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSK#NASDAQ">VRSK</a>)</td>
<td>-0.90</td>
</tr>
<tr>
<td>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</td>
<td>-0.88</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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Photo: Shutterstock

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Retail Sales

Econ #s

Tech

ETFs

CSCO

LULU

MRVL

ORLY

SMCI

TMUS

VRSK

Nasdaq 100 Sees Best 6-Day Rally Since Late 2022 As Traders Ride Bull Market Wave: Tech Stocks On The Move Thursday

Management

Teamsters Says Mondelēz Teamsters Unanimously Authorize Strike; Members Of Teamsters Local 104 Working At Mondelēz Have Unanimously Authorized Strike

Goldman Sachs analyst Leah Jordan initiated coverage of the packaged food sector. The analyst writes that growth in the sector has slowed following the Covid demand surge and inflation, but some companies are undervalued near historic lows.
The analyst expects food-at-home spending to grow at a low-single-digit rate, supported by both volume and pricing due to strong consumer cash flow.
Jordan initiated coverage on ConAgra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/Cag/analyst-ratings" rel="noreferrer noopener">Buy rating and price target of $36</a>.
The analyst views CAG favorably due to its strong frozen and snack portfolio aligned with convenience trends, offering better-than-expected results and the highest free cash flow yield in the coverage. The company&#8217;s transformation, including the Pinnacle Foods acquisition and process overhaul, has been underappreciated by investors, particularly given the Covid-related market shifts, writes the analyst.
For FY25-27, the analyst estimates EPS of $2.67, $2.78, and $2.89 vs. the consensus (FactSet) of $2.61, $2.70, and $2.82, respectively, reflecting a more optimistic outlook on volume and mix trends.
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39728345/conagra-falls-short-on-q4-revenue-amid-unfavorable-price-mix" rel="noreferrer noopener">ConAgra Falls Short On Q4 Revenue Amid Unfavorable Price Mix</a>
The analyst initiated coverage on General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), with a Buy rating <a target="_blank" href="https://www.benzinga.com/quote/gis/analyst-ratings" rel="noreferrer noopener">and price target of $76</a>.
GIS&#8217; diverse portfolio aligns with current trends, has less private label risk than feared, and demonstrates stronger margins compared to peers, writes the analyst. The analyst forecasts stable gross margins for GIS, with gradual improvement supported by moderating input cost inflation and ongoing productivity gains.
For FY25-27, Jordan projects EPS of $4.55, $4.75, and $4.95, compared to the consensus (FactSet) of $4.50, $4.73, and $4.94, respectively.
Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39501521/pillsbury-maker-general-mills-annual-profit-outlook-disappoints-stock-falls" rel="noreferrer noopener">Pillsbury Maker General Mills Annual Profit Outlook Disappoints, Stock Falls</a>
Jordan initiated coverage on Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Neutral rating <a target="_blank" href="https://www.benzinga.com/quote/k/analyst-ratings" rel="noreferrer noopener">and a price target of $75</a>.
The spin-off of its North American cereal business has enhanced growth and margins. While strong earnings are expected from its brand strength and emerging market exposure, takeover speculation has dampened investor sentiment, says the analyst.
For FY24-26, Jordan estimates EPS of $3.80, $3.97, and $4.21 compared to the consensus (FactSet) of $3.70, $3.89, and $4.10, respectively.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40152783/cheez-it-and-pringles-maker-kellanova-acquisition-eyed-by-snickers-fame-mars-report" rel="noreferrer noopener">Cheez-It And Pringles Maker Kellanova Acquisition Eyed By Snickers-Fame Mars: Report</a>
Moreover, the analyst started coverage of Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy rating and a $80 price target.
The analyst writes that MDLZ is seen as a high-quality investment with strong growth potential, driven by organic opportunities and emerging market exposure. Recent stock underperformance has been linked to market share losses and higher U.S. biscuit pricing pressures, but trends are improving, and the company is actively addressing these challenges.
For FY24-26, EPS estimates were $3.52/$3.70/$3.95 above the consensus (FactSet) of $3.50/$3.67/$3.94.
Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40078219/mondelez-analysts-boost-their-forecasts-after-upbeat-earnings" rel="noreferrer noopener">Mondelez Analysts Boost Their Forecasts After Upbeat Earnings</a>
On the other hand, the analyst started coverage on The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Sell rating <a target="_blank" href="https://www.benzinga.com/quote/hsy/analyst-ratings" rel="noreferrer noopener">and a price target of $185</a>.
The analyst sees risks of estimate revisions and valuation compression for HSY due to ongoing market share losses to both private label and premium products, a potential slowdown in impulse spending, and fewer holiday shopping days. However, the analyst writes that HSY&#8217;s strong portfolio of industry-leading sweet and salty brands positions it well in the long term.
For FY24-26, the analyst anticipates EPS of $9.39/$9.10/$9.86 below the consensus (FactSet) of $9.54/$9.52/$10.29, reflecting a weaker demand and margin outlook for confectionery business, market share losses, and expected higher promotional activity and input costs.
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40099246/hershey-shares-melt-q2-earnings-and-sales-miss-targets-amid-consumer-spending-slump" rel="noreferrer noopener">Hershey Shares Melt: Q2 Earnings And Sales Miss Targets Amid Consumer Spending Slump</a>
Also, the analyst initiated coverage of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) with a <a href="https://www.benzinga.com/quote/khc/analyst-ratings">Sell rating and price target of $34.</a>
The analyst says that KHC&#8217;s turnaround is likely to be slower and more challenging than expected due to high private label risks and mixed brand positioning. The company faces the task of reinvesting in its assets and brands after past cost-cutting damaged core assets, adds the analyst.
For FY24-26, the analyst estimates EPS of $2.97, $3.04, and $3.20, below the consensus (FactSet) of $3.03, $3.18, and $3.35, due to a weaker North American outlook, increased promotional pressure from high private label risk, and prior underinvestment.
Related: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40110709/analysts-remain-bullish-on-kraft-heinz-despite-sales-decline-cost-efficiencies-and-" rel="noreferrer noopener">Analysts Remain Bullish on Kraft Heinz Despite Sales Decline: Cost Efficiencies and Future Foodservice Initiatives Boost Optimism</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by Melissa from Pixabay
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Analyst Color

Mid Cap

Initiation

Packaged Food Sector To See Mixed Performance Amid Economic Headwinds: Goldman Sachs

Goldman Sachs analyst Leah Jordan initiates coverage on Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Buy rating and announces Price Target of $80.

Goldman Sachs Initiates Coverage On Mondelez International with Buy Rating, Announces Price Target of $80

Piper Sandler analyst Michael Lavery maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and lowers the price target from $78 to $76.

Piper Sandler Maintains Overweight on Mondelez International, Lowers Price Target to $76

Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) reported better-than-expected second-quarter adjusted EPS results and r<a href="https://www.benzinga.com/quote/MDLZ/earnings">aised its dividend on Tuesday</a>.
Mondelez International reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 79 cents per share. The company reported quarterly sales of $8.343 billion which missed the analyst consensus estimate of $8.454 billion.
Mondelēz raised its quarterly dividend by 11% from 42.5 cents to 47 cents per share.
&#8220;We continued to execute against our strategic growth agenda in the second quarter with strong profitability and attractive cash flow generation. Our performance was fueled by our commitment to reinvesting in our brands, capabilities, ongoing price execution and cost discipline,&#8221; said Dirk Van de Put, Chair and Chief Executive Officer. &#8220;We are well positioned for the second half of the year with the completion of European pricing, the addition of new value offerings in the U.S. and significant distribution runway across key emerging markets. Our teams remain focused on delivering our long-term growth agenda while remaining agile in this dynamic operating environment.&#8221;
Mondelez shares gained 3.2% to trade at $69.20 on Wednesday.
These analysts made changes to their price targets on Mondelez following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580ded6b846faa000106aeb1/michael-lavery">Piper Sandler analyst Michael Lavery </a>maintained Mondelez International with an Overweight rating and raised the price target from $76 to $78.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3019a9430dee0001c88a95/ken-goldman">JP Morgan analyst Ken Goldman</a> maintained Mondelez with an Overweight rating, while increasing the price target from $72 to $73.</li>
</ul>
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</ul>

Earnings

Mondelez Analysts Boost Their Forecasts After Upbeat Earnings

JP Morgan analyst Ken Goldman maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and raises the price target from $72 to $73.

JP Morgan Maintains Overweight on Mondelez International, Raises Price Target to $73

WIIM

Mondelez shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its dividend.

Piper Sandler analyst Michael Lavery maintains Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) with a Overweight and raises the price target from $76 to $78.

Piper Sandler Maintains Overweight on Mondelez International, Raises Price Target to $78

Guidance

Mondelēz Expects FY24 Organic Net Revenue Growth To Be At Upper End Of 3% - 5% And High Single-digit Adjusted EPS Growth On Constant Currency Basis

Wells Fargo's 'Value Equity' stocks: VZ, AZO, KR, and more

In a report released today, Zheng Feng Chee from DBS maintained a Buy rating on Mondelez International (MDLZ – Research Report), with a price targe...

Mondelez International (MDLZ) Gets a Buy from DBS

Dividend Champion, Contender, And Challenger Highlights: Week Of October 6

Citi analyst Thomas Palmer maintained a Buy rating on Mondelez International (MDLZ – Research Report) today and set a price target of $80.00. Thoma...

Buy Rating Affirmed as Mondelez International Shows Strong Performance and Promising Outlook

Top quant rated consumer staple stocks ahead of Q3 results

In a report released yesterday, Christopher Carey from Wells Fargo maintained a Buy rating on Mondelez International (MDLZ – Research Report), with...

Mondelez International (MDLZ) Gets a Buy from Wells Fargo

Short interest for most consumer staple stocks fall in September

Buy 7 Sustainable Dividend Dogs From Barron's October 100

Hershey makes investment to improve lives of cocoa farmers, resiliency of supply

Halloween will be here shortly, and will be a boon for the candy manufacturers. The motion picture companies that produce horror movie also benefit.

How To Invest In The Halloween Season

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Press Releases

Mondelēz International Makes Progress Toward Packaging Goals with Advanced Recycling Technology in Triscuit Packaging*

INTERNATIONAL DELIGHT® IS GOING THE EXTRA MILE ON NATIONAL COFFEE DAY BY GIVING PEOPLE THE CHANCE TO ENTER AND WIN A NEW CAR AND A YEAR'S SUPPLY* OF ICED COFFEE

Mondelēz International to Acquire Evirth, a China Leader in Fast-Growing Cakes and Pastries

Mondelēz International Joins Forces with Accenture and Publicis Groupe to Advance AI-Powered Marketing Capabilities

AMERICA'S #1 CHOCOLATE CHIP COOKIE BRAND UNVEILS ITS "BIGGEST" COOKIE INNOVATION EVER: CHIPS AHOY! BIG CHEWY COOKIE

Mondelēz International's SnackFutures Ventures Makes Strategic Investment in UK "Better-for-You" Doughnut Start-Up Urban Legend

Entertainment

Fetch Unveils Albertsons Media Collective as First Retail Media Network Extension Partner

HALLS Offers Relief to Those Suffering From the "Very Real" Man Cold

Mondelēz International to Report Q3 2024 Financial Results on October 29, 2024

SKUx and Mondelēz International Complete First Phase of Hedera Distributed Ledger Technology Innovation Project

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