Mondelez International Inc (NASDAQ:MDLZ) has received an average rating of “Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $49.45.
Several research analysts have recently commented on the stock. BidaskClub lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. UBS Group set a $51.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Monday, September 10th. Zacks Investment Research upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, September 6th.
Shares of MDLZ traded up $0.16 during mid-day trading on Monday, hitting $43.95. 7,848,510 shares of the company’s stock were exchanged, compared to its average volume of 8,089,880. Mondelez International has a twelve month low of $37.42 and a twelve month high of $46.54. The firm has a market cap of $63.66 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.00 and a beta of 0.75. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The company had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the business posted $0.57 EPS. Mondelez International’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts predict that Mondelez International will post 2.43 earnings per share for the current fiscal year.
In related news, EVP Daniel P. Myers sold 27,963 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 7,381 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the transaction, the executive vice president now owns 73,959 shares in the company, valued at $3,234,966.66. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of MDLZ. Quad Cities Investment Group LLC acquired a new stake in Mondelez International in the 2nd quarter worth $111,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mondelez International in the 3rd quarter worth $129,000. Kaizen Advisory LLC grew its position in Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after purchasing an additional 1,925 shares during the last quarter. BKS Advisors LLC acquired a new stake in Mondelez International in the 3rd quarter worth $141,000. Finally, Sun Life Financial INC grew its position in Mondelez International by 1,312.4% in the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after purchasing an additional 3,714 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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