Mondelez Stock ( NASDASQ:MDLZ )
Mondelez International, Inc. ( NASDASQ:MDLZ ) has seen increased success as a result of the success of its snack business. In conjunction with the release of its fourth annual State of Snacking report, the firm underlined that customers continue to emphasize snacking, despite the fact that expenses have increased and economic headwinds are there.
A survey of consumer attitudes and actions in 12 nations showed a growing preference for snacking, gradually taking the place of traditional meals at an increasing rate. Mondelez is in a good position to succeed with its attempts to strengthen its position in the snacking category in light of these trends. I rate Mondelez stock as a Buy.
Mondelez Is Committed to the Snacking Industry
Mondelez has always wanted to grow its business through strategic collaborations and acquisitions. The company has been putting a lot of effort into increasing its snacking area.
Mondelez’s main categories, which include chocolates and biscuits, have historically demonstrated resilience in the face of economic downturns and pricing moves. This is because people choose snacking over traditional meals. Chocolates and biscuits are among the most highly appreciated snack foods among customers in industrialized nations since they are seen as cheap forms of pleasure.
Mondelez reported in its financial release for the third quarter that it had completed the buyout of Ricolino, which is anticipated to increase the size of its Mexico business by a factor of two. It was completed in August of 2022 that they bought out Clif Bar. The company’s management announced more investments in the Cocoa Life program and increased their goal to source all cocoa volumes from the Cocoa Life initiative by 2030.
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