Mondelez International, Inc. (MDLZ) Receives $49.64 Consensus Target Price from Analysts

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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities analysts predict that Mondelez International will post 2.14 earnings per share for the current year.

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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