Mondelez International, Inc. (NASDAQ:MDLZ) Rating Reiterated by UBS AG

Mondelez International, Inc. (NASDAQ:MDLZ)‘s stock had its “buy” rating reiterated by analysts at UBS AG in a report released on Wednesday, August 9th, www.flashratings.com reports. They presently have a $51.00 price target on the stock. UBS AG’s target price suggests a potential upside of 18.77% from the stock’s previous close.

Several other equities analysts have also recently issued reports on MDLZ. Morgan Stanley raised their price target on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, May 25th. Piper Jaffray Companies assumed coverage on Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.33.

Mondelez International (NASDAQ:MDLZ) traded down 1.08% during trading on Wednesday, reaching $42.94. 6,760,998 shares of the company’s stock were exchanged. Mondelez International has a 52-week low of $40.50 and a 52-week high of $47.23. The company has a market capitalization of $64.74 billion, a price-to-earnings ratio of 37.77 and a beta of 1.19. The stock’s 50-day moving average price is $43.61 and its 200-day moving average price is $44.43.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (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 firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts expect that Mondelez International will post $2.12 earnings per share for the current year.

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In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC increased its position in Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after buying an additional 1,963 shares during the period. Adirondack Trust Co. increased its stake in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock worth $100,000 after buying an additional 45 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Mondelez International during the second quarter worth approximately $116,000. Acrospire Investment Management LLC increased its stake in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares during the last quarter. 76.54% of the stock is currently owned by institutional investors and hedge funds.

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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