Barclays Raises Mondelez Price Target to $71 Despite Cautious Market Outlook
Barclays has increased its price target for global snacking giant Mondelez International (NASDAQ: MDLZ) from $69 to $71, reiterating an ‘Overweight’ rating even as macroeconomic uncertainty continues to cloud broader market sentiment.
The investment bank’s updated forecast reflects Mondelez’s strong operational performance and resilience in the face of demand volatility and inflationary headwinds affecting the consumer packaged goods (CPG) sector. Barclays cited the company as well-positioned for continued growth, underpinned by its portfolio mix, emerging-market exposure, and robust pricing strategies.
Mondelez, the maker of iconic brands such as Oreo, Cadbury, and Toblerone, reported steady Q1 results earlier this year, highlighting mid-single-digit net revenue growth and a healthy operating margin performance. The company continues to benefit from sustained demand in the snacking category, which has proven more resilient than other FMCG segments amid fluctuating consumer spending patterns.
Barclays analysts emphasized Mondelez’s effective cost management and pricing power as key levers in navigating today’s inflationary landscape. The company has also maintained strong momentum in both developed and emerging markets, with particular strength in Latin America and South Asia. Strategic acquisitions, such as Clif Bar and Ricolino, are also contributing to incremental top-line gains, supporting a diversified growth model.
Despite softening consumer demand in some Western markets, Barclays believes Mondelez’s scale, category leadership, and brand equity offer a buffer against short-term pressures. The revised price target suggests a potential upside of approximately 12% from the stock’s recent trading levels, signaling investor confidence in the FMCG leader’s long-term fundamentals.
As retailers and manufacturers brace for market normalization post-pandemic, Mondelez’s strategic agility and balanced geographic footprint continue to position it as a core player within the global snacking landscape. For FMCG stakeholders, this endorsement from Barclays reinforces the strength of premium brand portfolios and the sustained growth potential in indulgent and convenient snacking categories.