Morgan Stanley on Mondelez International (MDLZ): 'Top Pick - An Even Sweeter Setup'

Morgan Stanley analyst Megan Clapp reiterated an Overweight rating and $71.00 price target on Mondelez International (NASDAQ: MDLZ).

The analyst comments "Reiterate OW/Top Pick: We are reiterating our OW rating on MDLZ with further confidence in our thesis around improving visibility to upside vs. consensus EPS, as laid out in our mid-March note where we moved MDLZ to our Top Pick. Our incremental confidence today - and the main focus of this note - is driven by improving visibility to resilient above-consensus OSG even as chocolate pricing tailwinds dissipate. In our view, the combination of solid OSG and significant cocoa cost deflation supports improving visibility to positive EPS revisions vs. consensus, with the pace of revisions likely accelerating into 2H26. We also continue to view valuation as too low, even after recent relative stock outperformance, relative to MDLZ’s earnings visibility and LT growth profile."

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 $62.39 yesterday.

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