Mondelez International, Inc. (NASDAQ:MDLZ) had its price target decreased by stock analysts at Morgan Stanley from $50.00 to $48.00 in a research report issued on Friday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 14.81% from the stock’s current price.

MDLZ has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 target price on shares of Mondelez International in a report on Tuesday, October 3rd. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $49.00 in a report on Tuesday, July 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a report on Wednesday, September 20th. UBS AG reaffirmed a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, July 6th. Finally, BidaskClub lowered shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $50.38.

Mondelez International (NASDAQ:MDLZ) traded down 0.07% during trading on Friday, reaching $41.78. 1,097,541 shares of the company traded hands. The firm has a 50-day moving average price of $40.95 and a 200-day moving average price of $43.60. The company has a market capitalization of $62.99 billion, a P/E ratio of 36.75 and a beta of 1.20. Mondelez International has a 52 week low of $40.04 and a 52 week high of $47.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Analysts forecast that Mondelez International will post $2.11 earnings per share for the current fiscal year.

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In related news, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MDLZ. Proficio Capital Partners LLC grew its holdings in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after purchasing an additional 1,963 shares during the period. V Wealth Management LLC purchased a new stake in shares of Mondelez International in the second quarter valued at about $116,000. Acrospire Investment Management LLC grew its holdings in shares of Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after purchasing an additional 2,900 shares during the period. Assetmark Inc. grew its holdings in shares of Mondelez International by 13.5% in the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after purchasing an additional 401 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Mondelez International by 2,056.3% in the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after purchasing an additional 3,434 shares during the period. 75.84% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Company Profile

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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