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