Mondelez Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Mondelez International (NASDAQ: MDLZ) reported better-than-expected Q2 earnings and raised its dividend. Analysts have increased their price targets following the earnings announcement.
July 31, 2024 | 6:22 pm
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Mondelez International reported Q2 earnings of 86 cents per share, beating the consensus estimate of 79 cents. Despite missing sales estimates, the company raised its quarterly dividend by 11% and saw its stock price increase by 3.2%. Analysts have raised their price targets.
The better-than-expected earnings per share and the increase in the dividend are positive signals for investors. The stock price increase and the raised price targets by analysts further indicate a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100