Citi analyst Thomas Palmer maintains $Mondelez International (MDLZ.US)$ with a buy rating, and adjusts the target price from $78 to $71.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -0.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mondelez International (MDLZ.US)$'s main analysts recently are as follows:
Estimates for certain confectionery companies have been lowered mainly due to the rising cocoa inflation. Cocoa futures have seen a notable increase in recent months. It is observed that cocoa hedges generally extend nine months or more, indicating that the recent surge in cocoa might impact earnings in the latter half of 2025 more than the initial half.
Historic levels of underperformance have set 'a low bar' for the U.S. Food group. Looking towards 2025, there will be a keen focus on indications of stabilizing volume and enhanced earnings delivery.
Note:
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