Top Mover
Mondelez Surges 7% After Beating Q3 Estimates and Acquiring Majority Stake in Undercover Snacks
Read this in the Market Flux appMondelez International, Inc. $MDLZ
$64.93+3.80%as of publication
- 5D Change
- +1.77%
- Market Cap
- $79.81B
Mondelez International shares jumped roughly 7% in premarket trading on October 30 after the snack giant delivered a stronger-than-expected third quarter and announced a majority investment in Undercover Snacks, a better-for-you snacking brand. The company posted adjusted earnings per share of $0.78 on revenue of $9.97 billion for the quarter, beating analyst estimates, with easing cost pressures cited as a driver of the profit beat.
The Undercover Snacks deal bolsters Mondelez's presence in the healthier snacking segment. The partnership is intended to accelerate Undercover's growth, innovation, and market reach while preserving the entrepreneurial culture the brand has built. Financial terms of the majority stake acquisition were not disclosed in the announcements. Freedom Broker issued positive commentary on the stock following the day's developments.
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Sources
- Yahoo FinanceUNDERCOVER SNACKS ANNOUNCES MAJORITY INVESTMENT BY MONDELĒZ INTERNATIONAL
- ZerohedgeBlack Friday Premarket movers: All Mag 7s lower: (AMZN) plunges 7.3% as growth in the company’s Amazon Web Services cloud-computing business was seen as underwhelming; Nvidia (NVDA) -2.8%, Tesla (TSLA) -2.4%, Meta Platforms (META) -1.8%, Apple (AAPL) -1.1%, Alphabet (GOOGL) -0.7%, Microsoft (MSFT) -0.6%. Here are some of the other notable premarket movers: AI infrastructure stocks tumble following discouraging results from Amazon and Intel. Cryptocurrency-linked stocks slide after Binance suffered the industry’s biggest-ever hack in a fresh blow to efforts to push digital assets into the mainstream. Alphatec (ATEC) plunges 33% after the medical devices company reported third quarter revenue that missed the average analyst estimate. Coursera (COUR) drops 9% after the nline educational firm provided a disappointing forecast for fourth quarter revenue. DXC Technology (DXC) falls 12% after the IT services company cut its adjusted earnings per share guidance for the full year. The company also said there are ongoing talks for the possible sale of its insurance business. FedEx Freight (FDXF), which was spun off from FedEx Corp. in June, climbs 4% after posting revenue of $3.3 billion in the four months ending in September, an increase of 9.2% over the same period last year. Gilead Sciences (GILD) rises 4% after the biopharmaceutical company boosted its product sales guidance for the full year. Intel (INTC) plummets 25% after the chipmaker’s outlook was much weaker than expected, due in part to sluggishness in PCs. Mondelez International (MDLZ) is up 7% after the company said it would acquire a majority stake in Undercover Snacks, bolstering the better-for-you part of its portfolio. Newell Brands (NWL) falls 11% after the household-products maker narrowed its normalized earnings per share forecast for the full year. Pinterest (PINS) falls 8% after the social-media company reported revenue for the third quarter that missed the average analyst estimate. Reddit (RDDT) tumbles 20% after daily active users for the third quarter and a fourth-quarter revenue forecast missed expectations. Analysts also debated a plan to limit access to its forums to users with accounts. Regeneron (REGN) climbs 7% after the drugmaker posted revenue and adjusted profit for the third quarter that are ahead of Wall Street’s expectations. Rivian (RIVN) jumps 6% after the maker of electric vehicles reported revenue for the third quarter that beat the average analyst estimate. Roblox (RBLX) slides 18% as the company reported a year-over-year decline in player engagement after deploying more robust child-safety measures. Stryker (SYK) falls 11% after slashing its outlook as the medical device company struggles to shake off the lingering effects of a cyberattack. Symbotic (SYM) inches 2% higher after robotics technology firm expanded an agreement with retail giant Walmart. Twilio (TWLO) is down 18% in the latest example of a software stock tumbling in the wake of results as investors reassess the sector’s growth outlook amid growing AI adoption.
- BriefingcomGapping up: $NRXP +12.4% $CPRI +9.1% $CDNA +7.2% $MDLZ +6.5% $RIVN +6.1% Gapping down: $ABOS -78.9% $ATEC -32% $INTC -24.7% $RDDT -20.9% $TWLO -19.2% $RBLX -16.1%
- OpenOutcrier$MDLZ (+6.8% pre) Mondelez tops third-quarter profit estimates on easing cost pressures
- Marketsday#Pre-Market Buzz, October 30, 2026 🔹 Capri Holdings $CPRI experiences pre-market trading activity amidst broader retail sector movements. 🔹 Mondelez International $MDLZ topped Q3 profit estimates with an adjusted EPS of $0.78 on revenue of $9.97B. 🔹 Regeneron Pharmaceuticals $REGN beat Q3 FY26 estimates, posting EPS of $20.07 on revenue of $5.12B, up 36% YoY. 🔹 Rivian Automotive $RIVN trades actively ahead of the bell as EV sector sentiment recalibrates. 🔹 Gilead Sciences $GILD sees pre-market interest following recent pipeline and financial updates. 🔹 General Dynamics $GD remains in focus across aerospace and defense counters. 🔹 Rocket Companies $RKT tracks mortgage rate trends and housing finance expectations.
- Marketwirenews$MDLZ - UNDERCOVER SNACKS ANNOUNCES MAJORITY INVESTMENT BY MONDELZ INTERNATIONAL UNDERCOVER SNACKS ANNOUNCES MAJORITY INVESTMENT BY MONDELĒZ INTERNATIONAL PR Newswire Partnership with global snacking leader will help accelerate Undercover's growth, innovation and reach while preserving the entrepreneurial culture that has driven the brand's success EAST H... News & Disclaimer
- SeekingAlphaMondelez takes a majority stake in Undercover Snacks $MDLZ #stocks #stockmarket #finance