Mondelez International (NASDAQ:MDLZ) Upgraded to Buy at DZ Bank

DZ Bank upgraded shares of Mondelez International (NASDAQ:MDLZ) from a sell rating to a buy rating in a research report released on Thursday morning, Marketbeat.com reports.

Several other research firms have also commented on MDLZ. Evercore ISI dropped their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Piper Sandler dropped their price target on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company dropped their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Performance

MDLZ opened at $57.78 on Thursday. The stock has a market cap of $74.76 billion, a P/E ratio of 21.64, a P/E/G ratio of 5.34 and a beta of 0.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The firm has a fifty day moving average price of $61.95 and a 200 day moving average price of $64.93. Mondelez International has a 1 year low of $53.95 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Equities research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Trading of Mondelez International

Several institutional investors have recently modified their holdings of MDLZ. Abound Financial LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $25,000. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter worth about $27,000. Rossby Financial LCC boosted its position in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. North Capital Inc. acquired a new position in Mondelez International during the first quarter worth about $31,000. Finally, Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.