Mondelez International (MDLZ) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a strong sell rating to a sell rating in a report issued on Thursday.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reiterated a buy rating on shares of Mondelez International in a research note on Friday, September 1st. UBS reiterated a buy rating and issued a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the company a hold rating in a research note on Monday, October 30th. Zacks Investment Research lowered Mondelez International from a buy rating to a hold rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an outperform rating and issued a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $49.40.

Mondelez International (MDLZ) traded down $0.03 during mid-day trading on Thursday, hitting $42.65. The stock had a trading volume of 5,653,623 shares, compared to its average volume of 7,144,889. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.49. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The firm has a market capitalization of $63,735.65, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.76 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts expect that Mondelez International will post 2.14 EPS for the current fiscal year.

In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lewis W. K. Booth acquired 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after buying an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd lifted its holdings in Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.

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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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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