$MDLZ

12 stories mentioning MDLZUpdated 4h ago

Every FINWIRES story that references MDLZ, newest first.

Hershey Lifts Bottom End of Full-Year Growth Outlook Following Second-Quarter Beat

Hershey (HSY) lifted the bottom end of its full-year growth guidance range after reporting better-than-expected second-quarter results amid "resilient" demand.The chocolate maker now expects 2026 adjusted earnings between $8.36 and $8.52 a share, representing annual growth of 32.5% to 35% and reflecting a higher bottom end versus its previous guidance of 30% growth. The current consensus on FactSet is for non-GAAP EPS of $8.43. Net sales are now pegged to rise by 4.5% to 5%, compared with the prior forecast's low end calling for a gain of 4%."US consumer sentiment remains soft, and shoppers continue to be value-oriented and selective in their spending," Chief Executive Kirk Tanner said in prepared remarks posted on the company's website. "We remain prudent in our outlook, recognizing that behaviors may change with seasonality."Hershey shares were down 2.1% in Thursday afternoon trade.For the three months through June 28, adjusted EPS jumped to $1.90 from $1.21 a year earlier, topping Wall Street's views for $1.43. Sales improved 6.6% to $2.79 billion, ahead of the Street's $2.63 billion estimate.Demand was "resilient" across the company's segments despite supply chain issues, while price realization and productivity initiatives drove margin recovery, Chief Financial Officer Steve Voskuil said.North America confectionery sales rose 4.2% to $2.17 billion, while the region's salty snacks revenue climbed 23% to $387.8 million, aided by the contribution of last year's acquisition of LesserEvil. International sales rose 5.7% to $225.9 million.RBC Capital Markets had flagged a potential second-quarter miss by Hershey, based on soft consumption data in North America. The brokerage expected the company to reiterate its full-year guidance, with weightage towards the low end, it said in a note to clients earlier this week.EPS growth in the ongoing quarter is "expected to be the strongest of the year," with pricing net of commodity costs projected to be "most favorable" versus a year earlier, Voskuil said Thursday.Earlier in the week, Mondelez International (MDLZ) reported better-than-expected second-quarter results, while the beverage and snack food company reiterated its full-year adjusted EPS guidance.Price: $179.65, Change: $-4.26, Percent Change: -2.32%

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Wire1d ago

UBS Adjusts Price Target on Mondelez International to $68 From $64, Maintains Neutral Rating

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $68.95, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $65.53, Change: $+3.05, Percent Change: +4.87%

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Wire6d ago

Mondelez Likely to Maintain Fiscal 2026 Guidance, RBC Says

Mondelez International (MDLZ) is largely expected to reaffirm its fiscal 2026 guidance after Q2 earnings, RBC Capital Markets said in a Friday note. The Q2 results are due July 28."We are not overly bullish on the quarter/year given what remains a formidable risk stack," the note said. "We are roughly in-line with management's guided ranges despite consensus moving toward the upper bounds."For Q2 considerations, the note pointed to slow cookies improvement, North America channel trends showing little changed, mixed international markets, and rising cocoa prices.RBC analysts said they remain bullish on its long-term distribution opportunity, but noted some caution in the near-term, as consumer pressures are weighing on top-line.RBC kept its outperform rating with a $63 price target.Price: $60.22, Change: $+0.17, Percent Change: +0.28%

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Wire10d ago

Mondelez International's Q2 Setup Remains Attractive, UBS Says

Mondelez International's (MDLZ) Q2 setup remains attractive, with potential for modest upside to organic sales expectations driven by stronger execution in North America and ongoing momentum in emerging markets, UBS Securities said in a note Monday.The company is scheduled to report Q2 results on July 28.While concerns around H2 phasing, European demand and higher cocoa costs have weighed on shares in recent weeks, Mondelez remains one of the more favored names across the packaged food sector, according to the note.Although investor sentiment moving forward will likely hinge on the magnitude of the earnings recovery next year, the brokerage does not see material risk to near-term estimates and believes a solid Q2 could be enough to support the stock, UBS said.Mondelez will likely reiterate its 2026 outlook. The brokerage forecasts Q2 and full-year EPS of $0.67 and $3.07, respectively.UBS kept a neutral rating on Mondelez International with a price target of $64.Price: $59.89, Change: $-1.11, Percent Change: -1.82%

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Wire31d ago

Piper Sandler Adjusts Mondelez International Price Target to $66 From $65

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $67.17, according to analysts polled by FactSet.Price: $59.73, Change: $-1.06, Percent Change: -1.74%

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Wire71d ago

Mondelez International Keeps Quarterly Dividend at $0.50 a Share; Payable July 14 to Holders of Record on June 30

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Research92d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Mondelez International

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $63, raised $1, reflects a 19x multiple of projected 2027 EPS, in line with MDLZ's historical forward P/E average. We raise our 2026 EPS estimate by $0.06 to $3.08, but cut 2027's by $0.11 to $3.32. We continue to see headwinds related to chocolate and biscuits divisions, though favorable forex has been helping to a degree. MDLZ highlighted plans to stimulate growth with more promotional activity, which could boost revenues (we see an acceleration in revenues in 2027), but may come with the trade-off of narrower margins. We note that cost-saving efforts can also contribute to staving off some of the margin pressure. MDLZ is largely hedged on its cocoa input costs for 2026 but less so in 2027. Thus, if the substantial rise in cocoa pricing in 2025 does not reemerge, it should help the bottom line in 2027 as cost pressures should ease. Share buybacks have also contributed to EPS, and we note that Q1 2026 share count was down 1.5% from one year earlier.

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Wire92d ago

BofA Securities Raises Price Target on Mondelez International to $67 From $65, Maintains Buy Rating

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $66.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $60.80, Change: $+2.25, Percent Change: +3.84%

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Wire92d ago

Mondelez Shows Improving Earnings Visibility, Morgan Stanley Says

Mondelez International (MDLZ) is showing good visibility to continued sequential improvement after delivering a strong Q1 EPS upside, Morgan Stanley said in a report Wednesday.The report said the firm posted "high-quality" EPS beat, with organic sales growth and gross margin exceeding expectations while providing a "conservative" outlook."We see good visibility to continued sequential improvement infundamentals, supported by underlying OSG momentum and the onset of cocoa cost deflation in 2H," the note said.The note said that should drive positive earnings revisions against consensus, while the share valuation remains attractive compared with its multinational peers."At the very least, we view FY26 as increasingly de-risked, whichshould allow the focus to shift more fully to FY27 earnings power, where visibility continues to improve toward a meaningful cocoa-driven margin and EPS inflection," the report said.Morgan Stanley raised its price target to $71 from $70 while reiterating its overweight rating.Price: $61.44, Change: $+2.90, Percent Change: +4.94%

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Research93d ago

Research Alert: Mdlz: A Tough Consumer Environment In Q1

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MDLZ kicked off 2026 with Q1 adjusted EPS of $0.67, beating consensus by $0.06 but declining 15% in constant currency. Net revenues rose 8.2% to $10.1B with 2.0% organic growth, though adjusted gross margins compressed 270 bps to 30.7% and operating margins narrowed 310 bps to 11.7%. Emerging and developed markets diverged, with emerging markets delivering robust 6.3% organic growth (AMEA +11.3%) while developed markets managed only 0.8% organic growth. MDLZ reiterated 2026 guidance of 0%-2% organic growth and 0%-5% constant currency EPS growth, with free cash flow expected at $3.0B. Cocoa-related headwinds persist in chocolate with continued volume pressure in developed markets, while MDLZ's hedging program limits benefits from recent commodity declines until 2027. Biscuits face ongoing weakness in developed markets, particularly North America. We expect 2026 to be a heavy investment year as MDLZ prioritizes volume stabilization through increased advertising and commercial spending.

$MDLZ

Wire97d ago

Mondelez International Faces Near-Term Headwinds Amid Demand Concerns, RBC Says

Mondelez International (MDLZ) is facing challenges in developed markets and an increasing threat to demand from the Middle East conflict, leading to a more cautious near-term outlook, RBC Capital Markets said Friday in a preview of the company's Q1 results.The company has "relatively high exposure" to the Middle East conflict on both input costs and top line as it sells directly in the region. Mondelez may see potential boycotts of US products in the Middle East region as well as "reduced mobility elsewhere around the world due to energy shortages," the note said.In the US, scanner data is up 1.6% quarter to date, which is about 80 basis points better sequentially, but roughly 60 basis points worse on an underlying two-year average basis.Cookies, the company's largest category with about 45% of US sales, are still seeing volume declines, RBC said, adding that in the US, Mondelez is also facing "significant competitive pressure" from smaller peers, especially in the bars segment.RBC noted it is "modestly below" consensus estimates on the company's top line.Meanwhile, commodity costs remain a challenge, though the company's approach to hedging is more sophisticated than most of its peers, and the worst may be largely behind Mondelez as cocoa prices have declined, the investment firm said.RBC has an outperform rating on Mondelez and a $63 price target.Price: $57.68, Change: $-0.04, Percent Change: -0.06%

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Research107d ago

BTIG Initiates Mondelez International at Buy With $70 Price Target

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $66.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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