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Mondelez International, Inc. (MDLZ) manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. 
It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
The company's brand portfolio includes Oreo, Ritz, LU, CLIF Bar, and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka, and Toblerone chocolate.
It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents. The company was formerly known as Kraft Foods Inc.
Shares have formed a bullish "flag" following its latest earnings report. On April 27th, MDLZ reported 1st Quarter March 2023 earnings of $0.89 per share on revenue of $9.2 billion. The consensus earnings estimate was $0.80 per share on revenue of $8.5 billion. Revenue grew 18.1% on a year-over-year basis.
Guided Higher: The company said it now expects 2023 earnings of $3.16 per share or more on revenue of $34.02 billion or more. The company's previous guidance was earnings of approximately $3.14 per share on revenue of $32.76 billion to $33.39 billion for the year ending December 31, 2023. Higher share prices are expected.
Entry Point: $77.00
Stop Loss: $73.00
Trading Range: $76.19 - $77.72
Target Price: $84.50
