BUZZ-PREVIEW: Mondelez shares inch higher; results due after the closing bell

Reuters
30 Apr
BUZZ-PREVIEW: Mondelez shares inch higher; results due after the closing bell

** Shares of Mondelez Intl MDLZ.O are up ~0.5% in afternoon trade Tues, with the food co seen reporting an increase in Q1 rev, results due after the closing bell

** According to LSEG, analysts expect Q1 rev of $9.33 bln vs $9.29 bln a yr ago and adj EPS of 66c/shr vs 95c a yr ago for Mondelez, which makes Oreo cookies and other snacks

** Investors are likely to listen for comments on cost pressures. On February 18, Mondelez CEO Dirk van de Put said the co will face new cost pressures from the Make America Healthy Again movement spearheaded by U.S. health secretary Robert F. Kennedy Jr and that Americans would see price hikes

** Investors are also anxious for any forecasts from the company and any comments related to cocoa price inflation

** Its median PT is $70.00; the stock was last at $65.41

** Analyst recommendations on the stock include 19 "strong buy" or "buy" ratings, 10 "hold" ratings and one "strong sell" rating

** MDLZ is up about 10% YTD while the S&P 500 .SPX is down about 5% in that period

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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