BofA Boosts Mondelez (MDLZ) Outlook on Positive Management Feedback

Mondelez International, Inc. (NASDAQ:MDLZ) is included among the 13 NASDAQ Stocks with Highest Dividends.

On April 10, BofA analyst Peter Galbo raised the firm’s price recommendation on Mondelez International, Inc. (NASDAQ:MDLZ) to $65 from $62. It maintained a Buy rating on the shares. The firm said it favors Mondelez within packaged food and protein. That view is based on positive checks following its March meetings with management, along with what it described as a “seemingly positive update” on negotiations with European chocolate retailers.

On April 7, UBS lowered its price target on Mondelez International to $62 from $63 and maintained a Neutral rating. The firm expects Q1 results across much of the consumer staples group to be “okay,” with organic revenue growth showing some improvement and stabilization. It noted that the bigger question is how companies approach forward-looking commentary, as inflation could become a more meaningful pressure on earnings in the second half of the year and possibly beyond.

Mondelez International, Inc. (NASDAQ:MDLZ) is a snack company focused on producing and selling chocolate, biscuits, and baked snacks. It also operates in nearby categories such as gum and candy, cheese, grocery items, and powdered beverages.

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