UPDATE: Mizuho Securities Starts Mondelez International (MDLZ) at Buy

January 26, 2022 4:08 PM EST
Get Alerts MDLZ Hot Sheet
Price: $65.72 -0.62%

Rating Summary:
    24 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 16 | New: 12
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(Updated - January 26, 2022 4:09 PM EST)

Mizuho Securities analyst John Baumgartner initiates coverage on Mondelez International (NASDAQ: MDLZ) with a Buy rating and a price target of $77.00.

The analyst comments "We initiate coverage of Mondelez International, Inc. (MDLZ) with a Buy rating and $77 price target. We believe consensus expectations through FY24 understate growth for organic revenue and adjusted EPS, given expected compound annual growth (CAGRs) of +3.2% and +7%, at the bottom of the long-term guidance range ("3%+" and "+HSD"). We expect consistent organic revenue growth exceeding +4% and with operating leverage and efficiencies enabling EPS up to +11%; the premise behind our "411" thesis. Prospects for multi-year upside vs. the Street augur favorably for valuation in our view, as shares trade at a 15% discount vs. global Staples peers on CY22E EPS. We view MDLZ as a core holding for Staples investors."

For an analyst ratings summary and ratings history on Mondelez International click here. For more ratings news on Mondelez International click here.

Shares of Mondelez International closed at $66.98 yesterday.


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