Why Mondelez International, Inc. (MDLZ) Surged on Wednesday

We recently published an article titled Excellent Earnings Propelled Prices of These 10 Firms. In this article, we are going to take a look at where Mondelez International, Inc. (NASDAQ:MDLZ) stands against the other stocks that soared on Wednesday.

The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy’s contraction in the first quarter of the year that triggered fears of a possible recession.

Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent.

Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year.

We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

Mondelez International, Inc. (NASDAQ:MDLZ)

Mondelez International, Inc. (NASDAQ:MDLZ) grew its share prices by 3.78 percent on Wednesday to close at $68.13 apiece as investors cheered the company’s earnings beat and maintained outlook for the rest of the year.

In its latest earnings release, Mondelez International, Inc. (NASDAQ:MDLZ) said that its performance for the first quarter of the year provided the company with continued confidence to maintain its full-year 2025 outlook.

For this year, the company reaffirmed organic net revenue growth of 5 percent and adjusted earnings per share to decline by approximately 10 percent. The company also expected free cash flow of more than $3 billion.

During the first quarter, net income attributable to the company fell by 71 percent to $402 million from $1.412 billion in the same period a year earlier, while revenues were flat at $9.3 billion.

“We delivered solid Q1 2025 results in line with our expectations, driven by strong execution of our growth strategy while navigating unprecedented cocoa cost inflation,” said MDLZ Chairman and CEO Dirk Van de Put. “We remain committed to delivering against our strategic agenda and staying agile in this volatile operating environment to drive sustainable shareholder value.”

Overall MDLZ ranks 9th on our list of the stocks that soared on Wednesday. While we acknowledge the potential of MDLZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MDLZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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