Mondelez International, Inc. (MDLZ) – What Are Analysts Saying About This Stock?

Mondelez International, Inc. (NASDAQ:MDLZ) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $69.30.

A number of brokerages have recently weighed in on MDLZ. UBS Group restated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a research note on Monday, November 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Mondelez International in a research note on Monday, October 26th. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. Finally, Wells Fargo & Company upped their target price on Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, October 30th.

Insiders Place Their Bets

In related news, CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total value of $1,421,758.97. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. This represents a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 392,150 shares of company stock worth $25,893,046. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mondelez International

Large investors have recently made changes to their positions in the company. Miller Global Investments LLC acquired a new position in Mondelez International during the third quarter worth $26,000. North Point Portfolio Managers Corp OH purchased a new stake in Mondelez International during the 3rd quarter valued at about $28,000. Compass Financial Management LLC grew its stake in Mondelez International by 79.2% during the 3rd quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock valued at $28,000 after acquiring an additional 217 shares in the last quarter. Ballast Advisors LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Mondelez International in the 2nd quarter valued at about $35,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 1.5%

Shares of NASDAQ MDLZ traded up $0.98 during trading hours on Friday, hitting $67.54. 6,128,804 shares of the stock were exchanged, compared to its average volume of 7,956,488. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. The company has a market cap of $85.49 billion, a PE ratio of 21.31, a PEG ratio of 2.65 and a beta of 0.34. The firm has a fifty day moving average price of $62.55 and a 200-day moving average price of $60.79. Mondelez International has a 12 month low of $51.20 and a 12 month high of $68.75.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. Mondelez International’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, sell-side analysts expect that Mondelez International will post 3.06 EPS for the current year.

About Mondelez International

Mondelez International, Inc. is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids. The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business. Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.