MDLZ Stock Recent News
MDLZ LATEST HEADLINES
Mondelez (MDLZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHICAGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its fourth quarter 2023 financial results on Tuesday, January 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day.
Chocolate giants like Hershey and Nestle are dealing with the aftermath of a cocoa futures surge to a 46-year high. Rising cocoa prices are forcing chocolate makers to bear additional costs, which will eventually be passed on to consumers. Mondelez, a consumer staple stock, has consistently outperformed its peers and offers a great long-term dividend growth investment.
Mondelez (MDLZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Mondelez's (MDLZ) emphasis on the snacking category, regular innovation, acquisitions and effective pricing strategies bodes well amid rising costs.
MDLZ's top and bottom line prospects remain excellent, thanks to the robust branding power, contributing to its healthy volume growth despite the consistently hiked prices. With "pricing still expected to contribute more than an average year" in 2024, we believe that the higher price tags are here to stay, with a reversal highly unlikely. There are naturally still headwinds to MDLZ's near-to-intermediate term prospects, attributed to the rising cocoa and sugar prices, compressing its gross margins thus far.
Mondelez International's shares are attractive compared to peers, with potential annual returns of approximately 13%. The company's exposure to faster-growing verticals, regional diversification, and strong management make it a compelling investment. Mondelez has been able to keep volumes positive despite price increases, demonstrating its strong product portfolio and execution.
Consumer packaged goods (CPG) companies, through their retail partners, sell scores of items every day that are essentials for individuals and households.
RBC Capital Markets analysts upgraded Mondelez, the maker of Oreo cookies, to Outperform from Sector Perform.
Snack giant Mondelez has strong market positions in biscuits and chocolates -- and continues to grow. Pest control specialist Rollins has steadily grown its top and bottom lines, and recently upped its dividend by 15%.