BidaskClub Upgrades Mondelez International (NASDAQ:MDLZ) to Buy

Mondelez International (NASDAQ:MDLZ) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday, BidAskClub reports.

Several other analysts have also recently issued reports on the company. ValuEngine upgraded The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Credit Suisse Group restated an “outperform” rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Piper Jaffray Companies set a $16.00 price objective on WPX Energy and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Evercore ISI started coverage on Mondelez International in a research note on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and a consensus target price of $51.00.

Shares of MDLZ opened at $54.89 on Friday. The stock has a market capitalization of $79.07 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.88 and a beta of 0.83. Mondelez International has a one year low of $38.78 and a one year high of $55.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. The company has a 50-day simple moving average of $54.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Mondelez International’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International will post 2.49 earnings per share for the current year.

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

Institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth approximately $32,000. Sontag Advisory LLC acquired a new stake in Mondelez International in the 4th quarter valued at approximately $34,000. Gemmer Asset Management LLC increased its position in Mondelez International by 101.4% in the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock valued at $35,000 after acquiring an additional 357 shares during the period. Lake Point Wealth Management acquired a new stake in Mondelez International in the 4th quarter valued at approximately $36,000. Finally, Liberty Wealth Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at approximately $36,000. 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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