Street view: Mondelez's strength in innovation to boost growth
MDLZ•Mondelez beat Wall Street expectations for third-quarter profit, while analysts cited its innovation pipeline, lower cocoa costs and volume-led growth as potential supports for future gains.
1. Analysts cite innovation
Piper Sandler said Mondelez has a strong innovation pipeline supporting its value proposition for customers. J.P. Morgan expects lower cocoa costs and volume-led growth to drive gains next year, while Jefferies said the company was well positioned, citing share gains, innovation and emerging-market opportunities.
