Mondelez International’s Stock Drops 5% on Earnings Miss
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
This was the stock's third consecutive day of losses.
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive Officer Dirk Van de Put said the company was focused on navigating cocoa cost ...
Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on Mondelez International (MDLZ – Research Report) today and set a price ...
Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company A look at the shareholders of Mondelez International, Inc. (NASDAQ ...
This was the stock's second consecutive day of losses.
Mondelez International reported Q4 revenue of $9.60 billion, falling below estimates. While gross profit rose 6.9%, cocoa ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback