BidaskClub Upgrades Mondelez International (MDLZ) to Buy

BidaskClub upgraded shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a buy rating in a research note released on Thursday.

MDLZ has been the subject of a number of other reports. DZ Bank raised Mondelez International from a hold rating to a buy rating in a report on Friday, July 27th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a buy rating in a report on Tuesday, October 30th. UBS Group lifted their price target on Mondelez International from $50.00 to $51.00 and gave the stock a buy rating in a report on Thursday, July 26th. Morgan Stanley assumed coverage on Mondelez International in a report on Monday, September 17th. They set an equal weight rating and a $47.00 price target for the company. Finally, Zacks Investment Research raised Mondelez International from a sell rating to a hold rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $49.17.

Shares of NASDAQ MDLZ opened at $43.79 on Thursday. The stock has a market cap of $63.66 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.00 and a beta of 0.75. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58. Mondelez International has a 1 year low of $37.42 and a 1 year high of $46.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. Mondelez International’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. On average, equities research analysts expect that Mondelez International will post 2.43 EPS for the current fiscal year.

In other news, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International 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 sale, the executive vice president now owns 73,959 shares in the company, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Belpointe Asset Management LLC increased its position in shares of Mondelez International by 20.7% during the third quarter. Belpointe Asset Management LLC now owns 19,750 shares of the company’s stock worth $848,000 after purchasing an additional 3,387 shares in the last quarter. Vanguard Group Inc. increased its position in Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $644,000. Morgan Stanley increased its position in Mondelez International by 21.8% in the 3rd quarter. Morgan Stanley now owns 15,212,685 shares of the company’s stock valued at $653,539,000 after acquiring an additional 2,721,080 shares during the period. Finally, Legal & General Group Plc increased its position in Mondelez International by 3.1% in the 3rd quarter. Legal & General Group Plc now owns 6,918,867 shares of the company’s stock valued at $297,232,000 after acquiring an additional 210,760 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

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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