JPMorgan raises Mondelez stock price target to $74 from $64

On Friday, JPMorgan maintained its Overweight rating on Mondelez International (NASDAQ:MDLZ) shares and increased the price target to $74.00, up from the previous $64.00. Currently trading at $65.98, the global snack giant commands a market capitalization of $85.48 billion and trades at a P/E ratio of 19.24. According to InvestingPro analysis, the stock appears fairly valued based on its comprehensive Fair Value model. The adjustment reflects a more second-half weighted earnings per share (EPS) estimate for 2025. Analysts at JPMorgan have decided to align their expectations more closely with the company's guidance, which anticipates the first quarter to be the weakest of the year. They have adjusted their Q1 EPS estimates to be $0.03 below the consensus. InvestingPro data shows the company maintains a GOOD overall Financial Health Score of 2.85, with particularly strong marks in profitability metrics.

The revision accounts for sluggish U.S. category trends in cookies and crackers, as well as the potential for retailer inventory reductions that have recently impacted U.S. consumer goods producers. Although Mondelez has not experienced this issue, the analysts have incorporated the risk into their forecast.

JPMorgan's decision to maintain their annual EPS estimates, rather than reduce them, is supported by the current currency environment, which has become less of a challenge than when the company's guidance was initially provided. This optimistic view on currency impact has offset the concerns about U.S. category trends and potential inventory adjustments.

Mondelez International's stock price target increase by JPMorgan is based on a comprehensive analysis of the company's performance outlook and market conditions. The Overweight rating signifies that JPMorgan's analysts expect the company's stock to outperform the average total return of the stocks covered by the firm over the next six to 12 months. With analyst targets ranging from $59 to $81 and the next earnings report due on April 29, investors are closely watching Mondelez's performance. The company offers a solid 2.85% dividend yield and has demonstrated steady revenue growth, generating $36.44 billion in the last twelve months. For deeper insights into Mondelez's financial health and growth prospects, access the detailed Pro Research Report available on InvestingPro.

In other recent news, Mondelez International has seen several updates from analysts regarding its stock price targets and earnings projections. Piper Sandler raised its price target for Mondelez to $64, maintaining a Neutral rating, citing factors such as the company's US retail momentum and European Union pricing. The firm also adjusted its 2026 earnings per share (EPS) estimate to $3.25, down from $3.35, due to more conservative assumptions about Mondelez's share buyback program. Meanwhile, Morgan Stanley initiated coverage of Mondelez with an Overweight rating and a price target of $69, highlighting the company's strategic positioning and potential for sales growth.

Bernstein increased its price target for Mondelez to $81, maintaining an Outperform rating, driven by a favorable outlook for the cocoa market and confidence in the company's international reach and merger success. TD Cowen also raised its price target to $71, with a Buy rating, as a result of the decline in cocoa spot prices, which are expected to benefit Mondelez's financial position. These developments reflect a range of perspectives on Mondelez's future, with analysts focusing on factors such as commodity costs, international market exposure, and strategic acquisitions. Investors may find these analyses useful in understanding the potential impacts on Mondelez's earnings and stock performance.

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