Mondelez stock price target maintained at $66 by RBC Capital

RBC Capital has kept its price target of $66.00 on Mondelez International (NASDAQ:MDLZ) despite the company trading at $63.80. The stock is near its 52-week high of $66.65 and will release earnings results in the near future. The firm's outlook on Q3 earnings aligns with consensus, with revenue estimates matching expectations, but EPS slightly below due to second-half phasing assumptions.

RBC Capital sees no reason for concern about the company's full-year guidance, given current business trends. The firm's research indicates that Mondelez's performance is supported by recent management commentary and channel research, despite ongoing headwinds. Mondelez has raised its dividend for 12 consecutive years, offering a 3.26% yield. Investors can find more detailed analysis in the company's Pro Research Report.