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.
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.
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