Mondelez International (MDLZ) Stock Rating Upgraded by Zacks Investment Research
Mondelez International (NASDAQ:MDLZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage presently has a $48.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.91% from the company’s previous close.
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.”
A number of other brokerages have also recently commented on MDLZ. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. UBS Group restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. Morgan Stanley dropped their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Finally, BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $49.43.
Shares of Mondelez International (NASDAQ:MDLZ) traded down $0.12 during mid-day trading on Friday, hitting $42.51. 6,526,500 shares of the company were exchanged, compared to its average volume of 7,705,862. The stock has a market cap of $63,470.00, a PE ratio of 29.52, a P/E/G ratio of 1.61 and a beta of 0.97. 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 has a 12 month low of $39.19 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. sell-side analysts anticipate that Mondelez International will post 2.14 EPS for the current fiscal year.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Banque Pictet & Cie SA increased its holdings in shares of Mondelez International by 90.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after buying an additional 8,962 shares during the last quarter. Aberdeen Asset Management PLC UK increased its holdings in shares of Mondelez International by 11.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after buying an additional 46,992 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Mondelez International in the 2nd quarter worth $3,867,000. Sustainable Growth Advisers LP increased its holdings in shares of Mondelez International by 20.8% in the 2nd quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock worth $289,279,000 after buying an additional 1,151,730 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of Mondelez International by 130.3% in the 2nd quarter. South Dakota Investment Council now owns 452,848 shares of the company’s stock worth $19,559,000 after buying an additional 256,250 shares during the last quarter. 75.78% of the stock is currently owned by institutional investors and hedge funds.
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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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