Mondelez International, Inc. (MDLZ) Stock Rating Upgraded by Zacks Investment Research
Mondelez International, Inc. (NASDAQ:MDLZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $46.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.14% from the stock’s previous close.
According to Zacks, “Mondelez has an attractive portfolio of iconic brands, commanding presence in impulsive categories and fast-growing emerging markets. Mondelez’s margins have remained constantly strong backed by cost savings and productivity gains. Also, shares of the company outperformed its industry year to date. The company has a mostly positive record of earnings surprises in recent quarters. However, Mondelez’s volumes have been hurt since 2014 by the elasticity impact from higher pricing and category weakness because of soft consumer demand. Moreover, with a significant portion of its sales coming from the international markets, currency is a significant top-line headwind.”
A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Credit Suisse Group restated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Tuesday, June 13th. UBS AG restated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. BidaskClub downgraded Mondelez International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $49.00 price objective (down from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and a consensus price target of $50.54.
Shares of Mondelez International (MDLZ) traded down 0.02% during mid-day trading on Tuesday, reaching $41.01. The company’s stock had a trading volume of 2,442,912 shares. The company has a 50-day moving average of $41.30 and a 200-day moving average of $43.72. The firm has a market cap of $61.83 billion, a PE ratio of 36.07 and a beta of 1.20. Mondelez International has a 12 month low of $40.04 and a 12 month high of $47.23. Mondelez International also was the recipient of some unusual options trading on Monday. Traders bought 13,566 put options on the stock. This represents an increase of 164% compared to the average daily volume of 5,137 put options.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, analysts predict that Mondelez International will post $2.12 earnings per share for the current year.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Eqis Capital Management Inc. grew its stake in Mondelez International by 9.0% in the third quarter. Eqis Capital Management Inc. now owns 20,577 shares of the company’s stock valued at $837,000 after acquiring an additional 1,694 shares during the period. Perpetual Ltd grew its stake in Mondelez International by 1.2% in the second quarter. Perpetual Ltd now owns 128,162 shares of the company’s stock valued at $5,535,000 after acquiring an additional 1,500 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Mondelez International in the second quarter valued at approximately $394,000. Griffin Asset Management Inc. acquired a new stake in Mondelez International in the second quarter valued at approximately $1,038,000. Finally, RNC Capital Management LLC grew its stake in Mondelez International by 8.3% in the second quarter. RNC Capital Management LLC now owns 6,757 shares of the company’s stock valued at $292,000 after acquiring an additional 516 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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