Mondelez International, Inc. (NASDAQ:MDLZ) Given Consensus Recommendation of “Buy” by Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has earned an average recommendation of “Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $80.75.

Several research firms recently issued reports on MDLZ. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Sanford C. Bernstein raised their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th.

Institutional Investors Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. TD Asset Management Inc raised its holdings in Mondelez International by 3.5% during the 1st quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock worth $71,803,000 after buying an additional 34,404 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Mondelez International by 28.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,071,541 shares of the company’s stock worth $75,008,000 after acquiring an additional 238,485 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Mondelez International during the first quarter valued at approximately $3,040,000. MAI Capital Management lifted its position in shares of Mondelez International by 5.5% in the 1st quarter. MAI Capital Management now owns 326,017 shares of the company’s stock valued at $22,821,000 after acquiring an additional 17,126 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in Mondelez International by 10.3% in the 1st quarter. Bleakley Financial Group LLC now owns 30,379 shares of the company’s stock worth $2,127,000 after purchasing an additional 2,841 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.6 %

Shares of MDLZ opened at $70.43 on Friday. Mondelez International has a 12 month low of $60.75 and a 12 month high of $78.54. The stock’s 50-day moving average is $70.10 and its two-hundred day moving average is $71.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a market cap of $94.83 billion, a PE ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company posted $0.89 EPS. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Mondelez International will post 3.5 earnings per share for the current fiscal year.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.