Key Stats for Mondelez International Stock
- Price change for Mondelez International stock: 4%
- $MDLZ Share Price as of Apr. 29: $61
- 52-Week High: $71
- $MDLZ Stock Price Target: $67
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What Happened?
Mondelez International (MDLZ) stock is rising after the snack giant posted Q1 results that beat Wall Street expectations on both revenue and earnings.
- Revenue grew 8.2% year-over-year to $10.08 billion, ahead of the $9.74 billion analysts had expected.
- Adjusted EPS came in at $0.67, topping the $0.61 estimate by nearly 10%.
- For a large consumer staples company navigating a cautious global consumer, those are solid beats.
The detail investors were most relieved to see was sales volumes. After declining in prior quarters as price increases weighed on demand, volumes were flat year-over-year in Q1.
That stabilization suggests customers are not walking away from Oreos, Sour Patch Kids, and Ritz crackers despite higher prices.
Emerging markets were a clear bright spot.
- That segment, which accounts for about 40% of the business, grew by 6.3%.
- India posted double-digit growth in both chocolate and biscuits.
- China grew around 5%, improving from last quarter.
- Brazil delivered high single-digit growth across multiple categories.
- Developed markets also showed signs of life. Europe had a strong Easter season with improving chocolate share trends.
- In the U.S., Ritz crackers gained share in the cracker category, and the company’s venture brands, including Perfect Bar and Clif, continued to grow.
The Biscoff partnership is another bright spot in development. Launched across several emerging markets and bundled into existing chocolate lines, the product has seen early results exceed expectations, management said.
There were a couple of softer spots in the report. Adjusted EBITDA missed consensus, and free cash flow margins declined year-over-year.
Management also flagged rising costs tied to the Middle East conflict, including higher oil and logistics expenses. That’s why the company chose to reaffirm rather than raise its full-year guidance.
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What the Market Is Telling Us About Mondelez International Stock
Mondelez International stock had been under pressure heading into this print, as investors worried about volume declines and uncertainty around cocoa costs.
This quarter eased both concerns somewhat. Volumes stabilized, and management said cocoa prices at current levels feel more rational given supply-and-demand fundamentals.
Mondelez International stock looks more attractive now than it did 24 hours ago, and momentum appears to be building heading into the back half of the year.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
