Mondelez International, Inc. (NASDAQ:MDLZ) had its price target lifted by equities researchers at Credit Suisse Group from $46.00 to $48.00 in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 15.86% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Susquehanna Bancshares Inc set a $45.00 price objective on Mondelez International and gave the company a “hold” rating in a research report on Monday. UBS AG reiterated a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research report on Friday, September 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a research report on Wednesday, September 20th. Finally, Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and a consensus target price of $49.40.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the firm earned $0.52 EPS. Mondelez International’s quarterly revenue was up 2.1% compared to the same quarter last year.
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In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the sale, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC raised its stake in shares of Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of Mondelez International during the 2nd quarter worth approximately $116,000. Acrospire Investment Management LLC raised its stake in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Assetmark Inc. raised its stake in shares of Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after purchasing an additional 401 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares in the last quarter. Institutional investors own 75.42% of the company’s stock.
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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