Cadbury parent Mondelez up after beating quarterly estimates

Piper Sandler said Mondelez still expects strong earnings per share growth in 2027 and sees a clear path to delivering higher EPS growth.

The firm said Mondelez is relaunching Oreo next year with a new brand image and communication, bringing back “twist, lick, dunk,” adjusting opening price points with price-pack architecture, and emphasizing that it is made with real cocoa.

Twenty-seven analysts rate the stock “buy” on average, with a median price target of $68, according to data compiled by LSEG.

As of the last close, the stock was up 16% year to date.

Shares of Cadbury parent Mondelez International MDLZ.O rose nearly 1.4% to $63.33 in premarket trading after the company beat Wall Street estimates for second-quarter revenue and profit on Tuesday.

The results were helped by steady demand for biscuits and chocolates in key markets, as well as higher pricing.