RBC Capital Markets reverses course on Oreo maker

  • Mondelez stock has gained 7.4% this year
  • RBC Capital Markets upgraded Mondelez to Outperform and raised price target to $83
  • RBC analysts believe Mondelez will deliver best-in-class top-line and margin performance
  • Mondelez stock trades at a cheaper multiple compared to competitors
  • RBC is optimistic about Mondelez’s category growth, share gains, and retail expansion
  • Hershey stock dropped 16% between RBC’s downgrade and upgrade of Mondelez

Mondelez stock has gained 7.4% this year and received a bullish upgrade from RBC Capital Markets. The analysts believe that Mondelez will deliver strong top-line and margin performance, leading to a higher stock price. Mondelez stock trades at a cheaper multiple compared to its competitors, making it an attractive investment. RBC is optimistic about Mondelez’s category growth, share gains, and retail expansion. In contrast, Hershey stock dropped 16% during the same period. Overall, Wall Street remains positive on Mondelez, with a majority of analysts rating the stock as a Buy.

Factuality Level: 7
Factuality Justification: The article provides information about RBC Capital Markets analysts reversing their rating on Mondelez International and upgrading their price target. It also mentions the stock’s performance and compares it to other consumer packaged goods companies. The article includes quotes from the analysts and provides statistics from a FactSet survey. Overall, the article seems to provide factual information without any obvious bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides information on the upgrade of Mondelez stock by RBC Capital Markets analysts. It mentions the reasons for the upgrade and compares Mondelez to other consumer packaged goods companies. It also briefly mentions the challenges faced by Hershey. However, the article lacks in-depth analysis, evidence, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Mondelez International
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the bullish outlook for Mondelez International and the upgrade in its rating by RBC Capital Markets analysts. There is no mention of any extreme event or its impact.
Public Companies: Mondelez International (MDLZ), Procter & Gamble (PG), Colgate-Palmolive (CL), PepsiCo (PEP), Coca-Cola (KO), Church & Dwight (CHD), Hershey (HSY)
Key People: Nik Modi (RBC Capital Markets analyst)

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Reported publicly: www.marketwatch.com