Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Rating of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.3158.

Several equities analysts recently issued reports on the company. Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Evercore ISI dropped their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. UBS Group cut their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Barclays lowered their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Bank of America dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th.

Read Our Latest Stock Analysis on MDLZ

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC bought a new stake in Mondelez International during the second quarter worth approximately $1,336,000. GAMMA Investing LLC lifted its position in shares of Mondelez International by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after acquiring an additional 7,914 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Mondelez International during the 1st quarter worth $392,000. Benjamin Edwards Inc. grew its holdings in shares of Mondelez International by 19.6% in the 1st quarter. Benjamin Edwards Inc. now owns 501,976 shares of the company’s stock worth $34,059,000 after acquiring an additional 82,144 shares during the last quarter. Finally, Banque Transatlantique SA raised its position in shares of Mondelez International by 294.5% during the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock worth $794,000 after purchasing an additional 9,449 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.6%

Shares of NASDAQ:MDLZ opened at $54.90 on Friday. The stock has a market cap of $70.84 billion, a P/E ratio of 20.56 and a beta of 0.39. The firm has a fifty day moving average price of $58.87 and a 200 day moving average price of $63.07. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International has a 1-year low of $53.95 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. Sell-side analysts predict that Mondelez International will post 2.9 EPS for the current year.

About Mondelez International

(Get Free Report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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