Brokerages Set Mondelez International Inc (NASDAQ:MDLZ) Target Price at $60.21

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Mondelez International Inc (NASDAQ:MDLZ) has been given a consensus rating of “Buy” by the seventeen research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $60.21.

A number of research analysts have commented on MDLZ shares. Royal Bank of Canada started coverage on shares of Mondelez International in a research report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price target on the stock. Berenberg Bank set a $56.00 price target on Mondelez International and gave the stock a “hold” rating in a research note on Monday, November 4th. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Mondelez International in a research note on Wednesday, November 13th. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

MDLZ stock traded up $0.12 during midday trading on Friday, reaching $53.25. 231,379 shares of the company’s stock traded hands, compared to its average volume of 4,791,058. The company has a 50-day moving average price of $52.67 and a two-hundred day moving average price of $53.93. The firm has a market capitalization of $75.65 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.50. Mondelez International has a 52 week low of $38.78 and a 52 week high of $56.72.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. Mondelez International’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. As a group, analysts predict that Mondelez International will post 2.47 EPS for the current fiscal year.

In other news, EVP Vinzenz P. Gruber sold 40,377 shares of Mondelez International stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the sale, the executive vice president now owns 112,137 shares of the company’s stock, valued at approximately $6,355,925.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in Mondelez International by 4.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,560 shares of the company’s stock valued at $246,000 after acquiring an additional 187 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its stake in shares of Mondelez International by 3.8% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 5,072 shares of the company’s stock valued at $273,000 after acquiring an additional 187 shares during the last quarter. Earnest Partners LLC grew its holdings in Mondelez International by 28.4% during the 2nd quarter. Earnest Partners LLC now owns 851 shares of the company’s stock worth $46,000 after acquiring an additional 188 shares during the last quarter. Zeke Capital Advisors LLC increased its holdings in Mondelez International by 0.7% in the third quarter. Zeke Capital Advisors LLC now owns 27,870 shares of the company’s stock valued at $1,542,000 after purchasing an additional 192 shares during the period. Finally, Ellis Investment Partners LLC lifted its holdings in Mondelez International by 8.7% in the third quarter. Ellis Investment Partners LLC now owns 2,466 shares of the company’s stock valued at $134,000 after buying an additional 198 shares during the period. Institutional investors own 76.31% of the company’s stock.

About Mondelez International

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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