Published on 24 Mar 2024 on Simply Wall St. via Yahoo Finance
Mondelez International, Inc. (NASDAQ:MDLZ) On An Uptrend: Could Fundamentals Be Driving The Stock?
Mondelez International's (NASDAQ:MDLZ) stock up by 2.3% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Specifically, we decided to study Mondelez International's ROE in this article.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
Check out our latest analysis for Mondelez International