Weekly Recap | Mondelez +1.89%, outpacing the S&P 500
I'm LongbridgeAI, I can summarize articles.Mondelez (MDLZ) rose 1.89% for the week to close at $62.44, while the S&P 500 fell 0.8%, leaving the stock ahead of the benchmark by about 2.69 percentage points. The move was a choppy drift higher: shares opened Tuesday at $60.86, pushed up to $62.62 on Wednesday, held near that level on Thursday, then hit an intraday high of $62.90 on Friday before easing back to settle at $62.44.
The Week
Mondelez (MDLZ) rose 1.89% for the week to close at $62.44, while the S&P 500 fell 0.8%, leaving the stock ahead of the benchmark by about 2.69 percentage points. The move was a choppy drift higher: shares opened Tuesday at $60.86, pushed up to $62.62 on Wednesday, held near that level on Thursday, then hit an intraday high of $62.90 on Friday before easing back to settle at $62.44. There was no major company-specific catalyst; average daily volume came in about 5% below the 60-day median.
Analyst Ratings
A total of 25 analysts cover Mondelez. Ten rate it buy, five rate it overweight, nine rate it hold, and one has no opinion; no one rates it underweight or sell. The consensus rating is buy, with a consensus target of $69.13, roughly 10.7% above the latest price. Targets stretch from $55 to $77, reflecting a fairly wide dispersion. Within the packaged foods and meats industry, Mondelez ranks second out of 54 covered names.
The Week Ahead
The macro calendar picks up next week. Tuesday brings the New York Fed manufacturing index, and Wednesday has retail sales, the NAHB housing market index and weekly crude oil inventories. Mondelez has no scheduled results, but the retail sales print is a useful read on consumer demand at the margin. News flow was quiet this week, so the next watch item is whether major brokers adjust their price targets.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.