Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Recommendation of “Buy” from Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has received an average recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Seventeen investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $79.94.

A number of analysts recently commented on the company. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Barclays decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Citigroup decreased their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday.

Institutional Investors Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Capital Research Global Investors boosted its position in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Legal & General Group Plc boosted its position in Mondelez International by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after acquiring an additional 293,773 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Mondelez International by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.0 %

Shares of MDLZ stock opened at $68.51 on Friday. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The stock has a market cap of $91.52 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.96 and a beta of 0.54. The business has a fifty day simple moving average of $72.35 and a 200-day simple moving average of $69.76. The company has a quick ratio of 0.50, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts forecast that Mondelez International will post 3.49 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.