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Stocks slide on hawkish Fed commentsMarkets pause, awaiting earningsDefensive Stocks Redefined: Less Volatility + Reliable DividendVery strong portfolio of brands (Oreo & Ritz etc.). Recent selloff of stock due to weight loss drugs hitting the market. Not worried about selloff and believes is over stated. Very attractive share price to buy at.
It pulled back due to a new obesity drug with concerns that this may reduce consumption of their products which are mainly snacks - it leads in biscuits and chocolate. However there is lots of brand loyalty and it is branching out into different categories. There is long term growth with 35% of its revenue coming from emerging markets. It is at a good entry point.
The impact of the weight-loss drugs will heavily affects the snacks business. Also, their valuation is high.
#1 global share in biscuits. #2 in chocolate, and growing its share. Very little private label competition in biscuits and chocolate, huge brand loyalty. A name to own for the decade. Increased both prices and volume. EM is higher growth, but cyclical. Divesting and redeploying capital. Raised EPS guidance to 12% YOY. Reasonable multiple. Yield is 2.38%.
(Analysts’ price target is $82.44)#1 in biscuits and #2 in chocolate behind Mars and gaining share. Benefited during Covid when people ate more snacks. Consumers keep buying established brands like theirs. They raised prices and have pricing power, so volumes rose. Expanding into cake and pastries and emerging markets.
Consumer and packaged food stocks can keep rallying. As we approach another debt-ceiling crisis, these stocks are good places to invest in. The whole sector. They are resilient. People take comfort in their favourite brand, from Campbell's soup to Hershey's chocolate. Consumers still buy them despite higher prices. Supply chain problems have been solved and freight costs have fallen, too. Raw costs like paper (cardboard) are falling, though such companies have existing purchase contracts. There's still room to run.
Demonstrated strength of company with performance the past year.
Despite increasing costs, still able to raise prices.
High brand loyalty.
Making steps into new categories (baked goods and pastries).
Well positioned for the long term shareholder.
MONDELEZ INTERNATIONAL INC Common Stock is a American stock, trading under the symbol MDLZ-Q on the NASDAQ (MDLZ). It is usually referred to as NASDAQ:MDLZ or MDLZ-Q
In the last year, 5 stock analysts published opinions about MDLZ-Q. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MONDELEZ INTERNATIONAL INC Common Stock.
MONDELEZ INTERNATIONAL INC Common Stock was recommended as a Top Pick by on . Read the latest stock experts ratings for MONDELEZ INTERNATIONAL INC Common Stock.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered MONDELEZ INTERNATIONAL INC Common Stock In the last year. It is a trending stock that is worth watching.
On 2023-12-08, MONDELEZ INTERNATIONAL INC Common Stock (MDLZ-Q) stock closed at a price of $71.08.
Have pricing power, passing higher prices to consumers. Are rapidly growing in emerging markets like Africa. It yields 2.4% now and grows its dividend at 13% compounded over the last decade. It's highly defensive, boasting strong brands like Cadbury.
(Analysts’ price target is $79.05)