MDLZ Stock Summary and Trading Ideas (Mondelez International - Class A | NASDAQ:MDLZ)

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.

Mondelez International - Class A trades on the NASDAQ stock market under the symbol MDLZ.

As of April 23, 2024, MDLZ stock price climbed to $70.17 with 3,737,608 million shares trading.

MDLZ has a beta of 0.32, meaning it tends to be less sensitive to market movements. MDLZ has a correlation of 0.04 to the broad based SPY ETF.

MDLZ has a market cap of $95.46 billion. This is considered a Large Cap stock.

Last quarter Mondelez International - Class A reported $9 billion in Revenue and $.84 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.07.

In the last 3 years, MDLZ stock traded as high as $78.59 and as low as $54.72.

The top ETF exchange traded funds that MDLZ belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

MDLZ has underperformed the market in the last year with a return of +0.7%, while the SPY ETF gained +24.2%. In the last 3 month period, MDLZ fell short of the market, returning -3.5%, while SPY returned +4.8%. However, in the most recent 2 weeks MDLZ has outperformed the stock market by returning +3.8%, while SPY returned -2.6%.

MDLZ support price is $68.60 and resistance is $70.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MDLZ stock will trade within this expected range on the day.