Brokerages Set Mondelez International Inc (MDLZ) Target Price at $49.67
Shares of Mondelez International Inc (NASDAQ:MDLZ) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $49.67.
Several research firms have weighed in on MDLZ. Credit Suisse Group lifted their target price on Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group lifted their price target on Mondelez International to $56.00 and gave the company a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd.
MDLZ stock opened at $51.62 on Monday. 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 cap of $74.30 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89. Mondelez International has a 1-year low of $38.78 and a 1-year high of $52.57.
In other Mondelez International news, EVP Maurizio Brusadelli sold 5,495 shares of Mondelez International stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the sale, the executive vice president now owns 78,523 shares of the company’s stock, valued at approximately $3,711,782.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of Mondelez International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $46.94, for a total value of $1,236,728.18. Following the completion of the sale, the executive vice president now directly owns 59,320 shares in the company, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders sold a total of 71,842 shares of company stock worth $3,559,277 in the last three months. Company insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MDLZ. Vanguard Group Inc increased its position in shares of Mondelez International by 0.9% in the third quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares during the last quarter. Sit Investment Associates Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $2,156,000. Peoples Financial Services CORP. increased its position in shares of Mondelez International by 2.9% in the fourth quarter. Peoples Financial Services CORP. now owns 21,569 shares of the company’s stock valued at $863,000 after acquiring an additional 600 shares during the last quarter. Endurance Wealth Management Inc. increased its position in shares of Mondelez International by 0.3% in the fourth quarter. Endurance Wealth Management Inc. now owns 126,557 shares of the company’s stock valued at $5,066,000 after acquiring an additional 425 shares during the last quarter. Finally, Addenda Capital Inc. increased its position in shares of Mondelez International by 2.4% in the fourth quarter. Addenda Capital Inc. now owns 83,800 shares of the company’s stock valued at $3,373,000 after acquiring an additional 1,956 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Company Profile
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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