Mondelez International Price Target Raised by Barclays Analyst Amid Positive Outlook

Barclays's Lauren Lieberman raised their price target on Mondelez International (NASDAQ: MDLZ) by 1.3% from $79 to $80 on 2024/01/16. The analyst maintained their Strong Buy rating on the stock.

In a recent report, Lieberman delved into various sectors, including Consumer Goods, specifically focusing on Beverages and Household & Personal Care. The analyst highlighted the importance of investors seeking companies with a "digestible valuation" and a clear path to growing volume ahead of the Q4 reporting season.

Lieberman also expressed interest in the Food sector and how volume recovery across the space has fallen short of expectations. The analyst noted that monolithic, macro-driven moves in staples names are likely to have less impact, given the anticipated tighter and lower interest rate environment compared to the previous three months.

The report further mentioned that concerns surrounding GLP-1s, a class of drugs used to treat diabetes, have subsided. This development opens up potential opportunities in more "idiosyncratic names," according to Lieberman.

Aside from the update on Mondelez International, Lieberman made several changes to other names in their portfolio:

- Barclays's Lauren Lieberman raised their price target on Colgate Palmolive Co by 9.3%, from $75 to $82, and maintained their Hold rating. - Barclays's Lauren Lieberman raised their price target on Coty Inc by 18.2%, from $11 to $13, and maintained their Hold rating. - Barclays's Lauren Lieberman raised their price target on Kimberly Clark Corp by 4.1%, from $123 to $128, and maintained their Hold rating. - Barclays's Lauren Lieberman lowered their price target on McCormick & Co Inc by -4.1%, from $74 to $71, and maintained their Hold rating. - Barclays's Lauren Lieberman lowered their price target on Molson Coors Beverage Co by -1.5%, from $65 to $64, and maintained their Hold rating.

It is worth noting that 100% of top-rated analysts currently rate Mondelez International as a Strong Buy or Buy. No analysts view it as a Hold, and there are no recommendations to sell the stock.

Analysts anticipate that Mondelez International will report earnings per share (EPS) of $3.4 for the upcoming year. If these projections hold true, the company's next yearly EPS will see a 1.5% increase on a year-over-year basis.

Since Mondelez International's last quarterly report on September 30, 2023, the stock price has risen by 5%. Looking at the year-over-year performance, the stock is up 8.7%. However, during this period, Mondelez International has trailed behind the S&P 500, which has experienced a significant 19.4% increase.

Barclays analyst Lauren Lieberman is highly regarded by WallStreetZen, ranking in the top 25% out of 4,453 Wall Street analysts. With an average return of 1.3% and a 45.4% win rate, Lieberman specializes in the Basic Materials and Consumer Defensive sectors, among others.

Mondelez International, Inc. is a multinational company that manufactures, markets, and sells snack food and beverage products worldwide. Their diverse product range includes biscuits, chocolates, gums, candies, cheese, grocery items, and powdered beverages. Mondelez International's well-known brands include Cadbury, Milka, Toblerone, Oreo, belVita, LU, Halls, Trident, and Tang. The company serves various retail outlets through direct store delivery, warehouses, distributors, and e-commerce channels. Mondelez International, Inc., previously known as Kraft Foods Inc., was incorporated in 2000 and has its headquarters in Chicago, Illinois.

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WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.