Although Mondelez International has lagged behind the S&P 500 over the past year, Wall Street analysts remain moderately optimistic about the stock’s future performance.

Cadbury-parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady consumer demand for its higher-priced chocolates and biscuits, particularly in international markets including Europe.

(Reuters) -Cadbury-parent Mondelez International beat Wall Street estimates for second-quarter revenue on Tuesday, driven by steady consumer demand for its higher-priced chocolates and biscuits, particularly in Europe.