Monthly Stock Report: Mondelez International, Inc. (MDLZ)
Publication Date: September 22, 2024
Company Overview
Mondelez International, Inc. (MDLZ) is a leading force in the consumer defensive sector, headquartered in Chicago, Illinois. Known for its extensive range of snack foods and beverages, Mondelez boasts an impressive portfolio of brands, including Oreo, Ritz, Cadbury, and CLIF Bar. The company effectively caters to diverse consumer preferences across North America, Europe, and Asia, leveraging both traditional retail and modern e-commerce channels for comprehensive distribution. Originally part of Kraft Foods Inc., Mondelez was rebranded in 2012 to emphasize its commitment to innovation and global expansion within the confectionery market.
Market Performance and Investment Analysis
The confectionery industry, classified under the consumer defensive sector, currently presents a robust investment opportunity, marked by a total industry revenue of approximately $35.98 billion. This resilience is coupled with favorable consumer trends favoring comfort foods, leading to an optimistic buy recommendation for Mondelez shares. The current stock price stands at $74.28, with a target high price reaching $88.00, suggesting significant potential upside for investors. Analysts project a mean target price of approximately $79.05, reinforcing expectations of price appreciation.
With 1,335,800,064 shares outstanding and only 13,980,304 shares held short, short interest accounts for approximately 0.0105% of the float. This minimal percentage indicates a generally positive outlook among investors regarding Mondelez’s stock. Moreover, strong operational capacity is highlighted by a robust revenue stream, although full EBITDA figures remain undisclosed. Analysts collectively offer a strong buy recommendation with a mean score of 1.9 from 23 analysts, further emphasizing a favorable investment landscape.
Stock Trends and Technical Analysis
Current trading reveals Mondelez shares are positioned between a 52-week high of $77.20 and a low of $60.75, with a fifty-day moving average at $70.53. The stock’s current price exceeds the moving average significantly, pointing to a positive short-term trend that may indicate investor confidence and potential for further upward movement. With bullish sentiment gaining traction and analysts projecting continued growth, Mondelez International, Inc. stands out as a compelling option for investors seeking stability and growth in their portfolios.
| Metric | Value |
|---|---|
| Market Cap | $99.2b |
| Total Debt | $20.2b |
| Total Cash | $1.4b |
| Shares Outstanding | 1.3b |
| Float Shares | 1.3b |
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