Mondelez International (NASDAQ:MDLZ) Price Target Raised to $52.00 at Stifel Nicolaus

Mondelez International (NASDAQ:MDLZ) had its target price raised by equities researchers at Stifel Nicolaus from $48.00 to $52.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 5.07% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. BidaskClub cut Mondelez International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. UBS Group increased their price target on Mondelez International to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group increased their price target on Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.00.

NASDAQ MDLZ traded down $0.27 on Monday, hitting $54.78. 2,511,089 shares of the stock traded hands, compared to its average volume of 6,154,535. The company has a 50-day moving average price of $52.03. Mondelez International has a twelve month low of $38.78 and a twelve month high of $55.22. The stock has a market capitalization of $79.30 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Mondelez International’s revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts expect that Mondelez International will post 2.49 earnings per share for the current year.

In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total value of $2,062,800.00. Following the sale, the executive vice president now directly owns 110,308 shares in the company, valued at approximately $5,688,583.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the sale, the executive vice president now owns 85,388 shares in the company, valued at $4,655,353.76. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. Cornerstone Advisors Inc. boosted its stake in Mondelez International by 2.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after purchasing an additional 207 shares in the last quarter. Braun Bostich & Associates Inc. boosted its stake in Mondelez International by 28.9% during the 4th quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock valued at $39,000 after purchasing an additional 219 shares in the last quarter. Smithfield Trust Co. boosted its stake in Mondelez International by 1.5% during the 1st quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock valued at $723,000 after purchasing an additional 221 shares in the last quarter. Versant Capital Management Inc boosted its stake in Mondelez International by 13.1% during the 1st quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock valued at $100,000 after purchasing an additional 234 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Mondelez International by 0.4% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 65,916 shares of the company’s stock valued at $3,291,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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