MDLZ

AI Research

Cocoa Inflation Headwinds Weigh on Shares → Morgan Stanley and Wells Fargo Both Raise PT to $70

Mondelez International faces challenges from cocoa inflation and declining sales, with the stock trading at $57.16, down 8.7% over the past month, as commodity cost pressures weigh on the snacking giant's margins. Both Morgan Stanley (Overweight) and Wells Fargo (Overweight) raised their price targets to $70 in recent weeks, and the Moderate Buy consensus from 20 brokerages reflects confidence in brand resilience and new product launches including OREO Cakesters and RITZ flavors. The company declared a quarterly dividend of $0.50 per share payable April 14 to holders of record March 31, with Capital World Investors selling 777,117 shares in Q3 contributing to near-term pressure.