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.
WARNING: This news story was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/2958103/mondelez-international-inc-mdlz-receives-buy-rating-from-ubs-ag.html.
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.
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.