Mdlz stock price the inflationary backdrop has pushed

The inflationary backdrop has pushed many to defensive plays, keeping MDLZ stock price in focus. Robust supply chain management has allowed Mondelez to sustain margins without significant price erosion. Meanwhile, Pepsi's beverage unit has its own issues. The company continues to lose share to Coca-Cola ( KO ), with RBC suggesting that refranchising bottling operations in North America could help. But the path forward in snacks remains the key swing factor. Before you consider Mondelez International, you'll want to hear this. Analysts monitor MDLZ stock price relative strength against peer companies in packaged food. Over the past 30 days, MDLZ gained 4.2%, beating the sector average. This divergence may attract swing traders targeting the $73-$74 range.