Equities researchers at Morgan Stanley assumed coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research note issued on Monday, Marketbeat reports. The brokerage set an “equal weight” rating and a $47.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 7.63% from the stock’s current price.

MDLZ has been the topic of several other research reports. DZ Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, July 27th. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, June 23rd. ValuEngine downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $45.00 to $47.00 and gave the company a “$41.68” rating in a report on Monday, July 23rd. Finally, Royal Bank of Canada lowered their price target on shares of Mondelez International to $51.00 and set an “outperform” rating on the stock in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.60.

NASDAQ MDLZ traded down $0.13 during trading hours on Monday, hitting $43.67. 151,589 shares of the company’s stock traded hands, compared to its average volume of 5,636,134. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.83. Mondelez International has a 52 week low of $37.42 and a 52 week high of $46.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.12 billion. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. sell-side analysts predict that Mondelez International will post 2.43 EPS for the current year.

In other news, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC purchased a new position in shares of Mondelez International in the second quarter worth $111,000. Kaizen Advisory LLC lifted its holdings in shares of Mondelez International by 131.7% in the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after buying an additional 1,925 shares in the last quarter. Private Capital Group LLC lifted its holdings in shares of Mondelez International by 483.0% in the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after buying an additional 3,038 shares in the last quarter. Sun Life Financial INC raised its stake in Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Mondelez International during the first quarter valued at $167,000. 74.54% of the stock is currently owned by hedge funds and other institutional investors.

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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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