Why Analysts Are Positive on Mondelēz International Stock
Most of the analysts providing ratings on Mondelēz International (MDLZ) are maintaining a positive outlook on the stock.
Mondelēz International’s (MDLZ) profit margins are benefiting from reduced overhead and advertising costs despite lower sales.
Analysts expect Mondelēz International’s (MDLZ) sales to rebound in 3Q17. They’re projecting sales of $6.5 billion, a 1.0% rise on a YoY (year-over-year) basis.
Analysts expect Mondelēz International (MDLZ) to report 3Q17 EPS (earnings per share) of $0.55, which would be a YoY (year-over-year) rise of 5.8%.
Mondelēz International (MDLZ) is set to announce its 3Q17 results on October 30, 2017. Analysts expect it to report improved sales and profitability.
Of the analysts covering Hershey stock, 63.0% recommended a “hold,” 26.0% maintained a “buy,” and 11.0% recommended a “sell.”
Hershey’s expects its gross profit margins to expand by 50 basis points in 2017, which reflects lower input costs and higher cost and productivity savings.
Analysts expect Hershey’s (HSY) top line to be $2.0 billion in fiscal 3Q17—flat compared to the same quarter the previous year.
Hershey (HSY) is scheduled to report its 3Q17 earnings on October 26, 2017. Wall Street analysts expect the company post earnings of $1.29 per share.
Hershey (HSY) is set to report its 3Q17 results next week. Analysts expect the company’s upcoming quarter to remain muted on the sales and earnings front.
Kellogg (K), like most of its packaged food manufacturing peers, is grappling with weak consumer demand for its products.
Kellogg (K) announced the acquisition of Chicago Bar Company, the manufacturer of RXBAR, for $600 million.
Kraft Heinz stock closed at $77.77 on October 4, 2017, which represents 22.5% upside to analysts’ target price of $95.28 per share.
Goldman Sachs downgraded Kraft Heinz (KHC) stock to “neutral” from “buy” and lowered its target price from $95.00 to $87.00 per share.
Most of the analysts covering Conagra (CAG) stock maintained a positive stance.
Conagra Brands (CAG) managed to expand margins despite challenges.
Net sales for Conagra’s Grocery & Snacks segment fell 2% to $746 million.
Conagra Brands’ (CAG) fiscal 1Q18 sales of $1.8 billion came in ahead of analysts’ estimate but fell 4.8% YoY (year-over-year).
Conagra Brands (CAG) reported better-than-expected fiscal 1Q18 earnings on September 28, 2017.
Most of the analysts covering Tyson Foods (TSN) stock maintain a positive outlook.