JPMorgan Touts Mondelēz International (MDLZ)'s Volume and Sales Growth

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the top stock picks in Ken Griffin’s stock portfolio. On August 20, JPMorgan reiterated that the company’s volume and sales growth is poised to outperform most US food peers.

Consequently, the investment bank has resumed coverage of the stock with an Overweight rating and a $75 price target. The positive stance is also in response to the company’s robust global footprint and focus on the snacking category.

JPMorgan has echoed Mondelez’s strong track record in conducting successful mergers and acquisitions. The activities have only allowed the company to scale its business and manufacturing platforms. In addition, the investment bank expects the company to bounce back to accelerated growth as inflation eases, based on the decisive pricing actions.

Mondelez International, Inc. (NASDAQ:MDLZ) is a global company that produces and sells snacks, confectionery, and beverages, operating in over 150 countries with well-known brands such as Oreo, Ritz, Cadbury, and Toblerone.

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Disclosure: None. This article is originally published at Insider Monkey.