Seasonal demand spikes in Q4 could act as a catalyst for MDLZ stock price growth. Historical data shows December sales often lift quarterly results, influencing investor sentiment ahead of earnings. Modi's cautious view comes as PepsiCo fends off activist pressure. In early September, Elliott Investment Management disclosed a $4 billion stake in the company, pushing for brand innovation and efficiency. Those changes could boost PepsiCo's share price by 50%, the activist investor group said. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. MDLZ stock price has benefited from strong brand loyalty metrics, with Oreo and Cadbury performing exceptionally well in Q
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