Mondelez International, Inc. (NASDAQ:MDLZ) was upgraded by research analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, July 25th, Marketbeat reports. The firm presently has a $49.00 price target on the stock, up from their previous price target of $48.00. Piper Jaffray Companies’ price target would suggest a potential upside of 12.41% from the company’s current price.
MDLZ has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) upgraded shares of Mondelez International from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $52.00 in a research report on Tuesday, April 4th. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $49.00 to $51.00 in a research report on Wednesday, May 3rd. Credit Suisse Group reiterated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research report on Wednesday, May 3rd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.33.
Mondelez International (NASDAQ:MDLZ) traded up 0.74% during midday trading on Tuesday, hitting $43.59. The stock had a trading volume of 4,874,976 shares. The company has a market cap of $65.72 billion, a P/E ratio of 38.24 and a beta of 1.19. Mondelez International has a one year low of $40.50 and a one year high of $47.23. The stock’s 50-day moving average is $43.70 and its 200-day moving average is $44.47.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Equities analysts predict that Mondelez International will post $2.12 EPS for the current fiscal year.
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In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Global Financial Private Capital LLC acquired a new position in Mondelez International during the second quarter worth approximately $374,000. Ontario Teachers Pension Plan Board acquired a new position in Mondelez International during the second quarter worth approximately $4,446,000. Waters Parkerson & CO. LLC increased its position in Mondelez International by 0.7% in the second quarter. Waters Parkerson & CO. LLC now owns 15,889 shares of the company’s stock worth $686,000 after buying an additional 113 shares in the last quarter. OxFORD Asset Management LLP increased its position in Mondelez International by 127.6% in the second quarter. OxFORD Asset Management LLP now owns 59,456 shares of the company’s stock worth $2,568,000 after buying an additional 33,330 shares in the last quarter. Finally, Evercore Wealth Management LLC increased its position in Mondelez International by 10.8% in the second quarter. Evercore Wealth Management LLC now owns 22,576 shares of the company’s stock worth $975,000 after buying an additional 2,204 shares in the last quarter. Institutional investors own 76.55% 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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