Analyst Zheng Feng Chee of DBS maintained a Buy rating on Mondelez International (MDLZ – Research Report), with a price target of $82.00.
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Zheng Feng Chee has given his Buy rating due to a combination of factors including Mondelez International’s robust performance amidst significant challenges and their strategic initiatives to drive growth. The company reported net revenue of USD9.2 billion and an adjusted EPS of USD0.99, surpassing expectations largely due to strong North America performance and effective pricing strategies.
Mondelez is also focused on compelling innovation and strategic partnerships, such as collaborations with Lotus Biscoff and themed campaigns for its Oreo brand, which are expected to foster long-term growth. Although challenges like high cocoa prices may impact earnings in 2025, Mondelez has implemented strategies to mitigate these risks, including pricing adjustments and hedging strategies. The analyst has also raised the target price to USD82, taking into account strong execution and a favorable interest rate environment.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $57.00 price target.