Mondelez International (NASDAQ:MDLZ) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

A number of other equities analysts have also recently weighed in on MDLZ. UBS Group reissued a “buy” rating and issued a $124.00 price target on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Monday, April 15th. Stifel Nicolaus boosted their price target on Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, June 17th. Piper Jaffray Companies set a $16.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price target for the company. Finally, ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $51.00.

MDLZ opened at $54.89 on Friday. The business’s fifty day moving average price is $54.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. The stock has a market capitalization of $79.07 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.83. Mondelez International has a one year low of $38.78 and a one year high of $55.85.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. Mondelez International’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. Equities analysts anticipate that Mondelez International will post 2.49 EPS for the current fiscal year.

In related news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the transaction, the executive vice president now owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lindsell Train Ltd increased its stake in Mondelez International by 3.7% in the first quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after purchasing an additional 1,134,300 shares during the last quarter. Northern Trust Corp increased its stake in Mondelez International by 1.7% in the first quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after purchasing an additional 353,903 shares during the last quarter. FMR LLC increased its stake in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after purchasing an additional 3,034,020 shares during the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares during the last quarter. Finally, Norges Bank acquired a new position in Mondelez International in the fourth quarter valued at $657,626,000. Hedge funds and other institutional investors own 75.86% of the company’s stock.

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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