Mondelez International (NASDAQ:MDLZ) Upgraded at Freedom Broker

Freedom Broker upgraded shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a buy rating in a report published on Friday,Benzinga reports. They currently have $71.00 price target on the stock.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $66.00 price objective on shares of Mondelez International in a report on Monday, October 26th. HSBC raised their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.83.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.94 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. The company has a 50-day moving average of $61.79 and a 200 day moving average of $60.34. Mondelez International has a 1 year low of $51.20 and a 1 year high of $66.65. The firm has a market cap of $82.88 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.51 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of MDLZ. Kintegral Advisory LLC increased its position in shares of Mondelez International by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock valued at $1,646,000 after acquiring an additional 159 shares during the period. Strategy Asset Managers LLC raised its stake in Mondelez International by 2.2% in the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after acquiring an additional 160 shares during the last quarter. WealthPlan Investment Management LLC lifted its position in Mondelez International by 3.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock worth $296,000 after acquiring an additional 160 shares during the period. Ridgepath Capital Management LLC lifted its position in Mondelez International by 0.8% during the 3rd quarter. Ridgepath Capital Management LLC now owns 19,631 shares of the company’s stock worth $1,135,000 after acquiring an additional 165 shares during the period. Finally, 55 North Private Wealth LLC grew its stake in Mondelez International by 3.8% during the 3rd quarter. 55 North Private Wealth LLC now owns 4,622 shares of the company’s stock valued at $267,000 after purchasing an additional 168 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.