The Mondelez International’s (MDLZ) “Outperform” Rating Reiterate at RBC Capital Markets

The Mondelez International’s (MDLZ) “Outperform” Rating Reiterate at RBC Capital Markets

RBC Capital Markets reaffirmed their outperform rating on shares of Mondelez International Inc. (NASDAQ:MDLZ) in a research report released on Wednesday. RBC Capital Markets currently has a $54.00 price objective on the stock.

MDLZ has been the topic of a number of other reports. Susquehanna raised Mondelez International from a neutral rating to a positive rating and upped their price target for the stock from $46.00 to $60.00 in a research note on Monday, July 25th. Credit Suisse Group AG reaffirmed an outperform rating and set a $51.00 price target on shares of Mondelez International in a research note on Friday, September 9th. BMO Capital Markets reaffirmed an outperform rating on shares of Mondelez International in a research note on Friday, July 15th. Morgan Stanley upped their price target on Mondelez International from $48.00 to $50.00 and gave the stock an overweight rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG decreased their price objective on Mondelez International from $48.00 to $47.00 and set a hold rating for the company in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. Mondelez International presently has an average rating of Buy and an average price target of $47.21.

Mondelez International (NASDAQ:MDLZ) opened at 45.20 on Wednesday. The company has a market capitalization of $69.81 billion, a P/E ratio of 86.26 and a beta of 1.02. The company’s 50 day moving average price is $42.94 and its 200-day moving average price is $43.71. Mondelez International has a 12-month low of $35.88 and a 12-month high of $46.77.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts forecast that Mondelez International will post $1.93 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of MDLZ. Adirondack Trust Co. increased its stake in Mondelez International by 7.3% in the third quarter. Adirondack Trust Co. now owns 2,334 shares of the company’s stock valued at $103,000 after buying an additional 159 shares in the last quarter. D. Scott Neal Inc. acquired a new stake in shares of Mondelez International during the third quarter worth about $106,000. BlueMountain Capital Management LLC acquired a new stake in shares of Mondelez International during the second quarter worth about $118,000. Bellwether Investment Group LLC acquired a new stake in shares of Mondelez International during the second quarter worth about $129,000. Finally, Tarbox Group Inc. increased its stake in shares of Mondelez International by 0.9% in the third quarter. Tarbox Group Inc. now owns 2,836 shares of the company’s stock worth $125,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 75.76% of the company’s stock.

Mondelez International Company Profile

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