
Mondelez International Analysts Increase Their Forecasts After Upbeat Q2 Earnings

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Mondelez International reported Q2 earnings of 73 cents per share, surpassing estimates of 68 cents, with sales of $8.984 billion exceeding the $8.831 billion forecast. CEO Dirk Van de Put expressed confidence in the company's growth despite challenges. Analysts adjusted their price targets post-earnings, with Stifel raising it to $76, Piper Sandler to $67, and Bernstein to $88. Despite the positive earnings, Mondelez shares fell 4.8% to $66.38.
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