Mondelez International (NASDAQ:MDLZ) Upgraded at Freedom Broker

Mondelez International (NASDAQ:MDLZ) was upgraded by analysts at Freedom Broker from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Benzinga reports. The firm presently has a $71.00 target price on the stock. Freedom Broker‘s price target points to a potential upside of 9.33% from the company’s current price.

MDLZ has been the subject of a number of other reports. Royal Bank Of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Mondelez International in a research note on Monday, October 26th. BTIG Research upped their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Friday. JPMorgan Chase & Co. cut their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 target price on shares of Mondelez International in a report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $69.83.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.94 on Friday. Mondelez International has a 12-month low of $51.20 and a 12-month high of $66.65. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $61.79 and its 200-day simple moving average is $60.34. The firm has a market cap of $82.88 billion, a P/E ratio of 20.49, a PEG ratio of 2.51 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The company had revenue of $9.97 billion during the quarter, compared to the consensus estimate of $9.98 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. Mondelez International’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Mondelez International will post 3.06 EPS for the current year.

Insider Buying and Selling at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at $85,001,351.04. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Baird Financial Group Inc. increased its position in Mondelez International by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after acquiring an additional 17,248 shares during the period. First Trust Advisors LP lifted its holdings in shares of Mondelez International by 10.1% during the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock worth $65,228,000 after purchasing an additional 103,778 shares during the period. Ethic Inc. lifted its holdings in shares of Mondelez International by 21.5% during the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after purchasing an additional 41,601 shares during the period. Amundi lifted its holdings in shares of Mondelez International by 18.0% during the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after purchasing an additional 494,996 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Mondelez International by 58.6% in the second quarter. NewEdge Advisors LLC now owns 141,366 shares of the company’s stock worth $8,177,000 after purchasing an additional 52,244 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.

The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.

Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.