Wells Fargo Raises Mondelez Price Target Amid Growth Expectations
Wells Fargo has revised its price target for Mondelez International, increasing it from $64 to $68 while maintaining an Equalweight rating on the stock. The adjustment reflects growing confidence in the company’s potential for sustained volume-driven growth and improving margins within the snacking category.
The updated outlook highlights Mondelez’s ability to outperform expectations in key areas of its global portfolio. As a major player in the global FMCG landscape, Mondelez has been leaning into its core snacking brands, executing strategic pricing, and expanding presence in resilient emerging markets—moves that industry analysts view as strengthening its competitive position.
According to Wells Fargo, the revised price target is underpinned by improving fundamentals and long-term growth potential, particularly in categories such as biscuits and chocolate. The investment firm noted that while input cost pressures remain a consideration, Mondelez’s ability to manage pricing and focus on margin expansion has enhanced its earnings resilience.
Another factor supporting the bullish outlook includes increasing consumer demand for indulgent and portable snack options—trends which Mondelez has been directly tapping into through targeted innovation and acquisitions. Categories such as confectionery and packaged snacks continue to show robust growth across both developed and emerging markets, offering stable volume recovery opportunities.
In line with this growth strategy, Mondelez recently emphasized initiatives aimed at driving operational efficiency and reinvestment into high-return areas such as digital capabilities and route-to-market enhancements. These efforts are expected to support both top-line growth and long-term profitability.
For FMCG professionals and brand leaders, the revised valuation reaffirms the strength of well-established global brands with disciplined growth plans amid ongoing macroeconomic uncertainty. Mondelez’s performance may also serve as a bellwether for broader snacking demand trends and the resilience of premium FMCG categories in inflation-conscious environments.