Mondelez International, Inc. (NASDAQ:MDLZ) had its target price dropped by stock analysts at Buckingham Research from $50.00 to $47.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Buckingham Research’s price target would suggest a potential upside of 13.44% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. UBS AG reiterated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a research note on Friday, October 13th. Morgan Stanley lowered their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Finally, Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $49.79.

Mondelez International (NASDAQ MDLZ) traded up 5.42% during mid-day trading on Tuesday, hitting $41.43. 16,663,701 shares of the stock traded hands. Mondelez International has a 1-year low of $39.19 and a 1-year high of $47.23. The company’s 50 day moving average price is $40.88 and its 200-day moving average price is $43.35. The stock has a market cap of $62.46 billion, a price-to-earnings ratio of 36.44 and a beta of 1.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that Mondelez International will post $2.12 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 firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total transaction 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 SEC, which is available through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following 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. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of Mondelez International by 637.3% during the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock valued at $105,000 after buying an additional 1,963 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of Mondelez International during the second quarter valued at approximately $116,000. Acrospire Investment Management LLC raised its position in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock valued at $134,000 after buying an additional 2,900 shares during the last quarter. Assetmark Inc. raised its position in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock valued at $145,000 after buying an additional 401 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock valued at $157,000 after buying an additional 3,434 shares during the last quarter. Hedge funds and other institutional investors own 75.42% 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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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