Investing.com -- TD Cowen lift its target on Mondelez (NASDAQ:MDLZ) International by $14 to $71, also raised its 2026 per share profit estimate, amid a 19% decline in cocoa spot prices this year and a 12% drop in the futures curve, which could improve the company’s hedging position.
“While the cocoa markets are inherently volatile and difficult to predict, we believe the pullback will improve Mondelez and Hershey's hedging positioning,” analyst at TD Cowen said.
The brokerage increased its 2026 EPS estimates for Mondelez to $3.15.
The firm maintained a positive long-term outlook on Mondelez, on its strong presence in emerging markets, leadership in snacking categories, and pricing power.
“We see further upside to our 2026 and 2027 estimates if cocoa costs continue to normalize”
TD Cowen’s price target of $71 per share, is based on a 22.5 times price-to-earnings on its 2026 estimate, above the company's five-year average, with potential upside if cocoa costs continue to normalize.
Related Articles
TD Cowen raises Mondelez price target, EPS estimate on falling Cocoa cost
Restaurant chain Jack in the Box CEO Darin Harris resigns
Analysts flag possible slowdown in Microsoft's AI data-center leases, raising attention of investors
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。