Mondelez International, Inc. (NASDAQ:MDLZ)‘s stock had its “buy” rating restated by stock analysts at BMO Capital Markets in a research note issued on Thursday. They currently have a $48.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 15.86% from the stock’s current price.

Other equities analysts also recently issued reports about the company. UBS AG restated a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research note on Thursday, July 6th. Zacks Investment Research upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a research note on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research note on Tuesday, September 19th. Finally, Buckingham Research dropped their price target on Mondelez International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average price target of $49.40.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS.

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In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The transaction was disclosed in a legal filing 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 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 sale, the executive vice president now directly owns 20,965 shares in the company, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Klingenstein Fields & Co. LLC raised its holdings in Mondelez International by 199.1% during the third quarter. Klingenstein Fields & Co. LLC now owns 262,619 shares of the company’s stock valued at $10,678,000 after acquiring an additional 174,817 shares during the period. Parnassus Investments CA raised its holdings in Mondelez International by 1.0% during the third quarter. Parnassus Investments CA now owns 11,655,438 shares of the company’s stock valued at $473,910,000 after acquiring an additional 111,777 shares during the period. Norris Perne & French LLP MI raised its holdings in Mondelez International by 3.5% during the third quarter. Norris Perne & French LLP MI now owns 119,037 shares of the company’s stock valued at $4,840,000 after acquiring an additional 4,019 shares during the period. State of Wisconsin Investment Board raised its holdings in Mondelez International by 6.1% during the third quarter. State of Wisconsin Investment Board now owns 1,723,797 shares of the company’s stock valued at $70,090,000 after acquiring an additional 98,746 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in Mondelez International by 0.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 250,575 shares of the company’s stock valued at $10,188,000 after acquiring an additional 1,900 shares during the period. 75.42% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

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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