Mondelez International (NASDAQ:MDLZ) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued on Friday, February 2nd, Marketbeat reports. The firm presently has a $55.00 price target on the stock, up from their prior price target of $45.00. Societe Generale’s price objective suggests a potential upside of 29.32% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and set a $52.00 price objective on shares of Mondelez International in a research note on Thursday, February 1st. Bank of America increased their price objective on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley increased their price objective on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Susquehanna Bancshares reiterated a “hold” rating and issued a $48.00 target price on shares of Mondelez International in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.69.
Mondelez International (MDLZ) traded up $0.39 during mid-day trading on Friday, reaching $42.53. The company’s stock had a trading volume of 15,788,601 shares, compared to its average volume of 9,344,722. The company has a market cap of $63,260.00, a PE ratio of 22.08, a PEG ratio of 1.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48. Mondelez International has a 52-week low of $39.19 and a 52-week high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The company’s revenue was up 2.9% on a year-over-year basis. equities analysts expect that Mondelez International will post 2.47 earnings per share for the current year.
Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently added to or reduced their stakes in MDLZ. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock worth $4,267,168,000 after purchasing an additional 1,168,269 shares during the period. Northern Trust Corp increased its holdings in shares of Mondelez International by 7.3% during the second quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after purchasing an additional 1,470,112 shares during the period. Lindsell Train Ltd increased its holdings in shares of Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after purchasing an additional 3,086,000 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after purchasing an additional 175,487 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mondelez International by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after purchasing an additional 47,563 shares during the period. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
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About Mondelez International
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.
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