BidaskClub Upgrades Mondelez International (NASDAQ:MDLZ) to Buy
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.
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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