Mondelez International, Inc. (MDLZ) Rating Reiterated by Royal Bank Of Canada
Mondelez International, Inc. (NASDAQ:MDLZ)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a $53.00 price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 29.21% from the company’s current price.
Other research analysts have also issued reports about the company. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG reiterated a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International has an average rating of “Buy” and an average price target of $50.54.
Mondelez International (MDLZ) traded up 0.20% on Tuesday, hitting $41.10. The stock had a trading volume of 2,255,545 shares. Mondelez International has a 52-week low of $40.04 and a 52-week high of $47.23. The company has a market cap of $61.96 billion, a P/E ratio of 36.15 and a beta of 1.20. The firm’s 50-day moving average is $41.30 and its 200-day moving average is $43.72. Mondelez International also was the target of unusually large options trading on Monday. Stock traders bought 13,566 put options on the stock. This represents an increase of 164% compared to the average daily volume of 5,137 put options.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts anticipate that Mondelez International will post $2.12 earnings per share for the current fiscal year.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, 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 owned by company insiders.
A number of institutional investors have recently bought and sold shares of MDLZ. CGOV Asset Management increased its position in shares of Mondelez International by 9.4% during the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock worth $867,000 after purchasing an additional 1,300 shares in the last quarter. Waldron LP increased its position in shares of Mondelez International by 103.3% during the first quarter. Waldron LP now owns 11,703 shares of the company’s stock worth $504,000 after purchasing an additional 5,947 shares in the last quarter. Parnassus Investments CA increased its position in shares of Mondelez International by 9.8% during the first quarter. Parnassus Investments CA now owns 11,466,220 shares of the company’s stock worth $478,548,000 after purchasing an additional 1,020,219 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Mondelez International by 65.7% during the first quarter. Eqis Capital Management Inc. now owns 30,101 shares of the company’s stock worth $1,297,000 after purchasing an additional 11,932 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd acquired a new stake in shares of Mondelez International during the first quarter worth about $10,246,000. Institutional investors own 75.84% of the company’s stock.
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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