Zacks Investment Research lowered shares of Mondelez International, Inc. (NASDAQ:MDLZ) from a buy rating to a hold rating in a research note released on Tuesday, October 17th.
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. 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. Also, shares of the company underperformed its industry year to date.”
Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a buy rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG reissued a buy rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. BidaskClub cut shares of Mondelez International from a sell rating to a strong sell rating in a report on Friday, June 30th. J P Morgan Chase & Co restated an overweight rating and set a $49.00 price target (down from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Finally, Morgan Stanley dropped their target price on shares of Mondelez International from $50.00 to $48.00 and set an overweight rating on the stock in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Mondelez International presently has an average rating of Buy and a consensus price target of $49.40.
Shares of Mondelez International (MDLZ) traded down $0.55 during trading on Tuesday, reaching $40.42. 3,409,470 shares of the company’s stock were exchanged, compared to its average volume of 7,563,916. The firm has a market capitalization of $61,225.07, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. Mondelez International has a 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm earned $0.52 earnings per share. Mondelez International’s quarterly revenue was up 2.1% on a year-over-year basis. research analysts expect that Mondelez International will post 2.14 earnings per share for the current year.
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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC increased its position in Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after acquiring an additional 1,963 shares during the last quarter. V Wealth Management LLC bought a new position in Mondelez International during the second quarter valued at $116,000. Acrospire Investment Management LLC boosted its stake in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the period. Assetmark Inc. boosted its stake in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after purchasing an additional 401 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.
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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