Mondelez International Inc. (MDLZ) Receives Average Recommendation of “Buy” from Analysts
Mondelez International Inc. (NASDAQ:MDLZ) has been given an average recommendation of “Buy” by the twenty-one research firms that are covering the company. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.30.
MDLZ has been the topic of a number of research reports. Susquehanna raised Mondelez International from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $46.00 to $60.00 in a research note on Monday, July 25th. RBC Capital Markets reiterated an “outperform” rating and issued a $54.00 target price on shares of Mondelez International in a report on Wednesday, August 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 target price on shares of Mondelez International in a report on Thursday, November 10th. Credit Suisse Group AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, September 1st. Finally, Societe Generale cut Mondelez International from a “buy” rating to a “hold” rating and lifted their target price for the stock from $35.88 to $43.94 in a report on Thursday, July 28th.
In related news, Director Trian Fund Management, L.P. sold 3,800,000 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total transaction of $167,542,000.00. Following the transaction, the director now directly owns 13,495 shares of the company’s stock, valued at approximately $594,994.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lewis W. K. Booth bought 2,500 shares of Mondelez International stock in a transaction that occurred on Friday, November 11th. The shares were acquired at an average cost of $41.61 per share, for a total transaction of $104,025.00. The disclosure for this purchase can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MDLZ. Adirondack Trust Co. raised its position in shares of Mondelez International by 7.3% in the third quarter. Adirondack Trust Co. now owns 2,334 shares of the company’s stock valued at $103,000 after buying an additional 159 shares in the last quarter. D. Scott Neal Inc. acquired a new position in shares of Mondelez International during the third quarter valued at about $106,000. BlueMountain Capital Management LLC acquired a new position in shares of Mondelez International during the second quarter valued at about $118,000. Van Hulzen Asset Management LLC acquired a new position in shares of Mondelez International during the third quarter valued at about $117,000. Finally, Bellwether Investment Group LLC acquired a new position in shares of Mondelez International during the second quarter valued at about $129,000. 75.46% of the stock is currently owned by institutional investors.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 42.98 on Thursday. The stock’s 50 day moving average price is $43.01 and its 200-day moving average price is $43.73. Mondelez International has a 52-week low of $35.88 and a 52-week high of $46.40. The firm has a market cap of $66.38 billion, a PE ratio of 82.02 and a beta of 1.11.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International will post $1.95 earnings per share for the current fiscal year.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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