Piper Jaffray Companies set a $48.00 price objective on Mondelez International (NASDAQ:MDLZ) in a research report released on Tuesday morning. The firm currently has a buy rating on the stock. Piper Jaffray Companies also issued estimates for Mondelez International’s Q4 2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.68 EPS and FY2019 earnings at $2.50 EPS.
MDLZ has been the subject of several other research reports. DZ Bank upgraded Mondelez International from a hold rating to a buy rating in a report on Friday, July 27th. BidaskClub downgraded Mondelez International from a buy rating to a hold rating in a report on Thursday, July 26th. ValuEngine downgraded Mondelez International from a hold rating to a sell rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. upped their target price on Mondelez International from $45.00 to $47.00 and gave the company a $41.68 rating in a report on Monday, July 23rd. Finally, Royal Bank of Canada reduced their target price on Mondelez International to $51.00 and set an outperform rating for the company in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Mondelez International has a consensus rating of Buy and a consensus target price of $49.08.
Shares of Mondelez International stock traded down $0.48 during trading on Tuesday, hitting $41.89. The stock had a trading volume of 958,229 shares, compared to its average volume of 8,013,540. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.58. The firm has a market cap of $61.77 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. Mondelez International has a fifty-two week low of $37.42 and a fifty-two week high of $46.54.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Analysts anticipate that Mondelez International will post 2.43 earnings per share for the current fiscal year.
In related news, EVP Daniel P. Myers sold 27,963 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the completion of the sale, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Commerce Bank lifted its stake in Mondelez International by 0.6% in the 3rd quarter. Commerce Bank now owns 1,081,207 shares of the company’s stock worth $46,448,000 after acquiring an additional 6,937 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Mondelez International by 33.2% in the 3rd quarter. Wells Fargo & Company MN now owns 12,128,402 shares of the company’s stock worth $521,036,000 after acquiring an additional 3,024,713 shares in the last quarter. Beaumont Financial Partners LLC lifted its stake in Mondelez International by 4.1% in the 3rd quarter. Beaumont Financial Partners LLC now owns 188,007 shares of the company’s stock worth $8,077,000 after acquiring an additional 7,433 shares in the last quarter. Pitcairn Co. lifted its stake in Mondelez International by 80.7% in the 3rd quarter. Pitcairn Co. now owns 17,054 shares of the company’s stock worth $733,000 after acquiring an additional 7,617 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Mondelez International by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 53,792 shares of the company’s stock worth $2,311,000 after acquiring an additional 2,290 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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