Mondelez International (NASDAQ:MDLZ) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.
MDLZ has been the subject of several other reports. BidaskClub raised shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Thursday, January 24th. Finally, Barclays reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.27.
Shares of NASDAQ MDLZ opened at $47.61 on Tuesday. Mondelez International has a 52-week low of $37.42 and a 52-week high of $47.79. The firm has a market cap of $69.13 billion, a PE ratio of 19.59, a P/E/G ratio of 2.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the company earned $0.57 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International will post 2.48 EPS for the current fiscal year.
In related news, EVP Vinzenz P. Gruber sold 10,945 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the sale, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of MDLZ. Oregon Public Employees Retirement Fund boosted its position in Mondelez International by 3,854.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock valued at $160,000 after buying an additional 6,225,539 shares during the last quarter. American Century Companies Inc. boosted its position in Mondelez International by 52.0% in the 3rd quarter. American Century Companies Inc. now owns 15,345,265 shares of the company’s stock valued at $659,233,000 after buying an additional 5,246,517 shares during the last quarter. Sound Shore Management Inc. CT purchased a new position in Mondelez International in the 4th quarter valued at about $141,109,000. BlackRock Inc. boosted its position in Mondelez International by 4.0% in the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after buying an additional 3,487,619 shares during the last quarter. Finally, Lindsell Train Ltd boosted its position in Mondelez International by 13.3% in the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares during the last quarter. 75.80% of the stock is owned by institutional investors.
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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