Mondelez: Snacks, Cookies & Chocolate around the Globe

Stock of the week 12.02.2024

Mondelez: Snacks, Cookies & Chocolate around the Globe

Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. Its products include beverages, biscuits, chocolate, gum and candy, cheese and groceries, and meals. Its brands include Cadbury, Chips Ahoy! Clif, Côte d'Or, Daim, Enjoy Life Foods, Freia, Honey Maid, Mikado, Milka, Oreo, Perfect Snacks, Philadelphia, Prince, Tiger, Toblerone, TUC, etc. It was founded by James Lewis Kraft in 1903 and is headquartered in Chicago, IL. 

On January 30 2024, the company reported its fiscal year 2023 financials. Net revenues for the full year increased +14.4% driven by organic net revenue growth of +14.7%. Diluted EPS was $3.62, up +84.7%; Adjusted EPS1 was $3.19, up +19.0% on a constant currency basis. The company increased its dividend per share by 10% with a return of capital to shareholders of $3.7 billion. According to CEO Dirk Van de Put, the company’s growth was balanced across developed and emerging markets, with robust performance in all regions. Mondelez’s sales growth in China and other emerging markets has strengthened the snack company’s revenue in its latest quarter and it expects that momentum to continue. 

Here is how the bank analysts currently view the company:  

  • The consensus of the bank analysts is "strong buy." Out of the 27 analysts covering the share, 23 rates the stock with "Buy,” 4 with "Hold," and 0 analysts recommend selling the stock.     

  • The average expected upside of the stock price for the next six to twelve months is currently ca. 16% (closing price on 13.02.2024).  

 Sources:

  1. Mondelez International Inc | US6092071058 | 19549948 | UMushroom 

  2. Reporting Fourth Quarter and FY 2023 Earnings | Mondelēz International, Inc. (mondelezinternational.com) 

  3. Apple, Mondelez and Procter & Gamble Are Playing the Long Game in China - WSJ 

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