Cadbury parent Mondelez up after beating quarterly estimates
BUZZ-Cadbury parent Mondelez up after beating quarterly estimates ** Shares of Cadbury parent Mondelez International MDLZ.O rise nearly 1.4% to $63.33 premarket
** Co beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for biscuits and chocolates in key markets, as well as higher pricing
** Piper Sandler says Mondelez still expects strong earnings per share growth in 2027 and sees a clear path to delivering higher EPS growth
** It is relaunching Oreo next year with a new brand image, communication (bringing back twist, lick, dunk), adjusting opening price points with price-pack architecture, and emphasizing it's made with real cocoa - Piper Sandler
** Twenty-seven analysts rate the stock "buy" on average; their median PT is $68 - data compiled by LSEG
** As of last close, stock up 16% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))
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