Mondelez International (NASDAQ:MDLZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $48.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 13.02% from the company’s current price.
According to Zacks, “Mondelez has an attractive portfolio of iconic brands, commanding presence in impulsive categories and fast-growing emerging markets. The company's margins have remained constantly strong backed by cost savings and productivity gains. Although shares of Mondelez underperfomed the industry in the last one year, its earnings estimates for 2018 have been trending upward in the last 30 days. This reflects analysts' optimism on the stock's prospect. However, Mondelez’s volumes have been hurt since 2014 by the elasticity impact from higher pricing and category weakness because of soft consumer demand. Moreover, with a significant portion of its sales coming from the international markets, currency is a significant top-line headwind.”
Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Susquehanna Bancshares set a $45.00 price target on shares of Mondelez International and gave the stock a “hold” rating in a research report on Monday, October 30th. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Sanford C. Bernstein restated an “outperform” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.43.
Mondelez International (NASDAQ MDLZ) opened at $42.47 on Friday. Mondelez International has a 1 year low of $39.19 and a 1 year high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a market cap of $63,466.66, a PE ratio of 29.49, a P/E/G ratio of 1.58 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts forecast that Mondelez International will post 2.14 earnings per share for the current year.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $113,000. Acrospire Investment Management LLC grew its stake in shares of Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Mondelez International by 2,056.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the period. Rockefeller Financial Services Inc. grew its stake in shares of Mondelez International by 300.0% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 4,000 shares of the company’s stock valued at $163,000 after buying an additional 3,000 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in shares of Mondelez International by 232.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,291 shares of the company’s stock valued at $174,000 after buying an additional 3,000 shares during the period. 75.78% of the stock is owned by institutional investors.
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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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