Mondelez Poised for Growth From Emerging Markets, Resilient Categories and Strategic Deals
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Mondelez is seeing strong growth in emerging markets like Latin America, with 37.9% revenue growth there in 2023. It is focused on expansion in high-potential markets.
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The company has strong positioning in resilient categories like biscuits and chocolates. These tend to hold up well amid economic uncertainty.
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Favorable revenue and EPS growth is expected in 2024, possibly underestimated based on past forecast accuracy.
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Mondelez has made strategic acquisitions like Ricolino and Clif Bar to expand its product portfolio. It also divested its gum business in 2022.
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Wall Street analysts overwhelmingly rate MDLZ stock as a Buy, with an average price target 24.7% above current levels.