Mondelez International, Inc. (NASDAQ:MDLZ) Earns “Buy” Rating from BMO Capital Markets

Mondelez International, Inc. (NASDAQ:MDLZ)‘s stock had its “buy” rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Thursday, November 2nd. They presently have a $48.00 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 13.42% from the stock’s current price.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. UBS AG reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. Credit Suisse Group raised their price objective on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co raised their price objective on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.40.

Mondelez International (MDLZ) traded up $0.21 during midday trading on Thursday, hitting $42.32. The stock had a trading volume of 6,323,047 shares, compared to its average volume of 7,821,832. The company has a market capitalization of $63,240.00, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International has a 1 year low of $39.19 and a 1 year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. sell-side analysts forecast that Mondelez International will post 2.14 earnings per share for the current fiscal year.

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In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares of the company’s stock, 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.

Several institutional investors have recently bought and sold shares of MDLZ. CIBC World Markets Inc. boosted its position in shares of Mondelez International by 304.6% in the 1st quarter. CIBC World Markets Inc. now owns 1,479,691 shares of the company’s stock worth $63,745,000 after purchasing an additional 1,113,969 shares in the last quarter. Holderness Investments Co. lifted its position in Mondelez International by 16.3% during the 1st quarter. Holderness Investments Co. now owns 15,121 shares of the company’s stock worth $651,000 after acquiring an additional 2,120 shares during the period. State of Wisconsin Investment Board lifted its position in Mondelez International by 13.1% during the 1st quarter. State of Wisconsin Investment Board now owns 1,348,071 shares of the company’s stock worth $58,075,000 after acquiring an additional 156,303 shares during the period. United Bank lifted its position in Mondelez International by 6.6% during the 1st quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after acquiring an additional 1,282 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in Mondelez International by 2.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 186,823 shares of the company’s stock worth $8,048,000 after acquiring an additional 4,526 shares during the period. 76.05% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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