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Instability in cocoa markets has pressured the share price of stocks such as Mondelez. The consumer staple delivered double-digit net revenue and adjusted EPS growth in 2023, with more solid growth on the horizon. Mondelez possesses a BBB credit rating from S&P on a stable outlook.
CHICAGO, April 08, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its first quarter 2024 financial results on Tuesday, April 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day.
Mondelez (MDLZ) undertakes regular innovation and efforts to reshape its portfolio to focus on growth areas. Also, the company benefits from effective pricing.
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Mondelez (MDLZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Mondelez (MDLZ) is positioned favorably due to its focus on the snacking category, consistent innovation and strategic acquisitions amid cost challenges.
Starbucks has grown its dividend at a caffeinated clip. Mondelez should continue to satisfy the craving of dividend growth investors.
Mondelez's (MDLZ) emphasis on the snacking category, regular innovation, acquisitions and effective pricing strategies bodes well amid rising costs.
The stock market is an interesting place at the moment, with some heralding 2024 as the ‘year of equities' and others sure that a United States stock market crash is imminent.
Here is how Mondelez (MDLZ) and Marine Harvest ASA (MHGVY) have performed compared to their sector so far this year.