Mdlz stock price performance is tracking above its

MDLZ stock price performance is tracking above its 200-day moving average, a bullish technical sign. MACD crossover signals have attracted momentum traders looking to ride potential short-term upside toward $73. "Frito-Lay has 3 main issues: 1) price points, 2) under indexed to growing parts of the snacking wheel and 3) lack of exposure to protein," Modi wrote. "Fixing these issues will take time, capital and or reinvestments that could dilute EPS and/or returns." If it can, MDLZ stock has more upside, according to the consensus price target of analysts . Commodity price dips, particularly in cocoa and dairy, have eased input costs, supporting MDLZ stock price margins. This cost leverage could enhance 2024 profitability guidance, tightening forward P/E ratios.