Mondelez International, Inc. (MDLZ) Downgraded by Zacks Investment Research
Mondelez International, Inc. (NASDAQ:MDLZ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Mondelez has an attractive portfolio of iconic brands, commanding presence in impulsive categories and fast-growing emerging markets. Mondelez’s margins have remained constantly strong backed by cost savings and productivity gains. The company has a mostly positive record of earnings surprises in recent quarters. However, Mondelez’s volumes have been hurt since 2014 by the elasticity impact from higher pricing and category weakness because of soft consumer demand. Moreover, with a significant portion of its sales coming from the international markets, currency is a significant top-line headwind. Also, shares of the company underperformed its industry year to date.”
Other equities analysts have also issued reports about the company. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price objective on shares of Mondelez International in a report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.23.
Mondelez International (NASDAQ:MDLZ) traded down 1.191% during mid-day trading on Tuesday, reaching $41.055. 3,701,914 shares of the company’s stock were exchanged. Mondelez International has a 52 week low of $40.04 and a 52 week high of $47.23. The stock has a 50-day moving average price of $40.93 and a 200-day moving average price of $43.59. The stock has a market cap of $61.90 billion, a P/E ratio of 36.108 and a beta of 1.20.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. On average, analysts forecast that Mondelez International will post $2.11 earnings per share for the current year.
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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simmons Bank lifted its stake in Mondelez International by 0.3% in the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after acquiring an additional 20 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Mondelez International by 0.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after acquiring an additional 24 shares in the last quarter. Northwest Quadrant Wealth Management LLC lifted its stake in Mondelez International by 0.4% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after acquiring an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Mondelez International by 0.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after acquiring an additional 38 shares in the last quarter. Finally, Linscomb & Williams Inc. lifted its stake in Mondelez International by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.
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.
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