Oreo maker Mondelez's sales, profit miss estimates

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RBC Reiterates Outperform Rating on Mondelez (MDLZ) Following Q4

February 8, 2017 6:15 AM EST

RBC Capital Markets analyst David Palmer reiterates Outperform rating and $54 price target on Mondelez International (NASDAQ: MDLZ), citing double-digit EPS growth from the company, despite macro headwinds.

Palmer comments, We are maintaining our 2017 and 2018 EPS estimates despite the slight 4Q16 miss. While competitive trade... More