Name of opportunity: 👀
Mondelez International, Inc
Take a bite: 🍪
The US-based snack company, which mostly sells chocolate and other sweet treats, has recently been attracting attention from analysts and investors alike because of its dividends. In the company’s Q2 earnings report, Mondelez announced that it would be increasing its dividend payout by 11%. Shareholders will get their hands on the new, bumped up, quarterly dividend this October.
While the Q2 earnings showed that sales were not amazing (net revenue dropping 1.9%), organic net revenue was up 2.5%. Mondelez also has a strong history of carrying out share buybacks, which investors are often very happy to see in a company - it can drive up the value of the stock.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Mondelez International, Inc. will increase from $75.65 to $80.77 in the next 12 months. If you invested $1000, you might profit $72.68.
One reason for this is because analysts have highlighted Mondelez International’s growth in new markets, especially India, where Mondelez announced last year that it will invest US $191.5 million into improving and expanding its Sri City manufacturing facility. Now the company is aiming its sights on growth in China and Brazil too. Mondelez’s aim is to add some 3 million new stores by 2030 in its emerging markets.
In its 2024 outlook, the snack company said it was expecting to see organic net revenue growth between 3-5% over the year, a show of confidence. Mondelez owns a number of super successful brands, many of which are household names around the world, including chocolate brand Cadbury and Oreo cookies. Mondelez owns one of Vietnam's biggest snacking brands, Kinh Do. It also has brands in the sports nutrition niche, such as CLIF, manufacturer of vegan energy bars.
Tasty: 😋
Mondelez International, Inc. is a snack company. The Company’s core business is making and selling chocolate, biscuits, and baked snacks. Its additional business in locally relevant categories, including gum and candy, cheese and grocery and powdered beverages. Based in Chicago, US, Mondelez has an annual revenue of approximately $26.5 billion. The company operates over 150 countries.
Which neme?: 🔍
‘Food and Drink’
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