Zacks Research Downgrades Mondelez International (NASDAQ:MDLZ) to Strong Sell

Mondelez International (NASDAQ:MDLZ) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently weighed in on MDLZ. Mizuho dropped their target price on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada decreased their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.37.

Mondelez International Trading Up 0.5%

Shares of NASDAQ:MDLZ traded up $0.30 during midday trading on Monday, reaching $57.42. The company’s stock had a trading volume of 2,488,435 shares, compared to its average volume of 8,662,730. The firm has a market capitalization of $74.29 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 5.34 and a beta of 0.42. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The firm has a 50 day moving average price of $61.11 and a two-hundred day moving average price of $64.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion for the quarter. As a group, analysts forecast that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

Several institutional investors have recently bought and sold shares of the stock. Aprio Wealth Management LLC boosted its holdings in shares of Mondelez International by 6.4% during the third quarter. Aprio Wealth Management LLC now owns 4,562 shares of the company’s stock worth $285,000 after purchasing an additional 274 shares during the period. Aviso Financial Inc. raised its holdings in shares of Mondelez International by 11.6% during the third quarter. Aviso Financial Inc. now owns 19,263 shares of the company’s stock valued at $1,203,000 after acquiring an additional 2,005 shares in the last quarter. United Bank raised its holdings in shares of Mondelez International by 3.8% during the third quarter. United Bank now owns 27,260 shares of the company’s stock valued at $1,703,000 after acquiring an additional 997 shares in the last quarter. Trivium Point Advisory LLC purchased a new stake in Mondelez International in the third quarter worth $205,000. Finally, Rafferty Asset Management LLC boosted its holdings in Mondelez International by 7.2% in the third quarter. Rafferty Asset Management LLC now owns 302,443 shares of the company’s stock valued at $18,894,000 after acquiring an additional 20,293 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.