Mondelez International, Inc. (NASDAQ:MDLZ) has received an average recommendation of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $49.64.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday. UBS reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. Finally, Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th.
Mondelez International (NASDAQ:MDLZ) traded down $0.65 during midday trading on Monday, reaching $42.68. 6,837,209 shares of the company were exchanged, compared to its average volume of 7,796,875. The firm has a market capitalization of $64,243.74, a P/E ratio of 20.97, a PEG ratio of 1.77 and a beta of 0.98. Mondelez International has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Citizens & Northern Corp lifted its holdings in shares of Mondelez International by 4.2% in the 1st quarter. Citizens & Northern Corp now owns 40,998 shares of the company’s stock worth $1,766,000 after acquiring an additional 1,645 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $1,271,000. TLP Group LLC acquired a new stake in Mondelez International during the 1st quarter worth approximately $381,000. Stratos Wealth Partners LTD. lifted its holdings in Mondelez International by 12.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 27,676 shares of the company’s stock worth $1,192,000 after buying an additional 3,004 shares in the last quarter. Finally, Keating Investment Counselors Inc. lifted its holdings in Mondelez International by 0.9% during the 1st quarter. Keating Investment Counselors Inc. now owns 12,959 shares of the company’s stock worth $558,000 after buying an additional 110 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.
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About Mondelez International
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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