Mondelez International (NASDAQ:MDLZ) Downgraded by BidaskClub to “Buy”

Mondelez International (NASDAQ:MDLZ) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

A number of other equities analysts also recently issued reports on the stock. Piper Jaffray Companies set a $16.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group restated a “buy” rating and set a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Monday, April 15th. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Mondelez International from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.00.

NASDAQ:MDLZ traded down $0.34 on Friday, reaching $54.89. 5,435,653 shares of the stock traded hands, compared to its average volume of 5,348,604. The stock’s fifty day moving average is $54.38. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $79.07 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.83. Mondelez International has a 12 month low of $38.78 and a 12 month high of $55.85.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. As a group, research analysts predict that Mondelez International will post 2.49 EPS for the current fiscal year.

In other news, EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at $4,655,353.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the sale, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in MDLZ. Norges Bank bought a new position in Mondelez International in the fourth quarter worth about $657,626,000. Boston Partners bought a new position in Mondelez International in the first quarter worth about $355,441,000. Hillhouse Capital Advisors Ltd. bought a new position in Mondelez International in the fourth quarter worth about $141,276,000. FMR LLC raised its holdings in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after purchasing an additional 3,034,020 shares in the last quarter. Finally, Investec Asset Management LTD increased its holdings in shares of Mondelez International by 1,483.2% during the first quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock valued at $152,653,000 after acquiring an additional 2,864,803 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

Mondelez International Company Profile

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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