Mondelez International, Inc. (NASDAQ:MDLZ) Stock Has Consensus Price Target of $68.86 According to Brokerages

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $68.86.

A number of brokerages recently commented on MDLZ. TD Cowen increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $66.00 target price on shares of Mondelez International in a report on Monday. HSBC lifted their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th.

Mondelez International Stock Performance

MDLZ opened at $62.35 on Wednesday. The business’s fifty day moving average is $61.83 and its two-hundred day moving average is $60.21. The company has a market cap of $79.58 billion, a price-to-earnings ratio of 22.92 and a beta of 0.38. Mondelez International has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts predict that Mondelez International will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently bought and sold shares of the stock. BOKF NA increased its stake in Mondelez International by 26.7% during the 3rd quarter. BOKF NA now owns 94,728 shares of the company’s stock worth $5,477,000 after buying an additional 19,974 shares during the period. North Dakota State Investment Board lifted its holdings in Mondelez International by 2.1% in the 3rd quarter. North Dakota State Investment Board now owns 39,320 shares of the company’s stock worth $2,273,000 after buying an additional 795 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Mondelez International by 6.2% in the 3rd quarter. North Star Investment Management Corp. now owns 17,115 shares of the company’s stock worth $990,000 after buying an additional 1,000 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in Mondelez International in the 3rd quarter valued at about $58,000. Finally, Conning Inc. boosted its position in Mondelez International by 5.8% in the 3rd quarter. Conning Inc. now owns 640,225 shares of the company’s stock valued at $37,018,000 after buying an additional 34,862 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.