Mondelez International, Inc. (MDLZ) Receives Buy Rating from UBS AG

Mondelez International, Inc. (NASDAQ:MDLZ)‘s stock had its “buy” rating reiterated by equities research analysts at UBS AG in a note issued to investors on Friday. They presently have a $49.00 price target on the stock. UBS AG’s price target suggests a potential upside of 17.20% from the stock’s previous close.

A number of other brokerages have also weighed in on MDLZ. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.23.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $0.44 EPS. Mondelez International’s quarterly revenue was down 5.0% on a year-over-year basis.

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In other news, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the transaction, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Several hedge funds have recently modified their holdings of MDLZ. CGOV Asset Management grew its holdings in shares of Mondelez International by 9.4% during the first quarter. CGOV Asset Management now owns 15,100 shares of the company’s stock valued at $867,000 after buying an additional 1,300 shares in the last quarter. Waldron LP grew its holdings in shares of Mondelez International by 103.3% during the first quarter. Waldron LP now owns 11,703 shares of the company’s stock valued at $504,000 after buying an additional 5,947 shares in the last quarter. AT Bancorp grew its holdings in shares of Mondelez International by 6.9% during the first quarter. AT Bancorp now owns 32,566 shares of the company’s stock valued at $1,403,000 after buying an additional 2,104 shares in the last quarter. Point View Wealth Management Inc. grew its stake in Mondelez International by 5.5% in the first quarter. Point View Wealth Management Inc. now owns 10,566 shares of the company’s stock valued at $455,000 after purchasing an additional 551 shares in the last quarter. Finally, Horan Capital Advisors LLC. grew its stake in Mondelez International by 1.1% in the first quarter. Horan Capital Advisors LLC. now owns 43,901 shares of the company’s stock valued at $1,891,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

Mondelez International Company Profile

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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