- Wells Fargo keeps Mondelez International (MDLZ +0.5%) locked in as a top pick after taking in yesterday's Q1 earnings report.
- Analyt John Baumgartner: "We exit pleased with mgmt’s intention to maintain brand reinvestment and seek share gains from smaller/compromised competitors. The market may fret about a possible Q2 yr/yr EPS decline on COVID but we see headwinds as temporary and easily outweighed by bullish multi-year growth potential and EPS upside vs. Street thru FY22E."
- During Q1, Mondelez posted solid growth across developed and emerging markets, with volume, mix and pricing all moving in the right direction.
- Previously: Organic sales sparkle at Mondelez (April 28)
Mondelez still a top pick at Wells Fargo
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Symbol | Last Price | % Chg |
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MDLZ | - | - |
Mondelez International, Inc. |