Mondelez International (NASDAQ:MDLZ) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities analysts also recently commented on the stock. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a research note on Thursday, November 2nd. J P Morgan Chase & Co increased their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Credit Suisse Group increased their price objective on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Buckingham Research dropped their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Susquehanna Bancshares set a $45.00 price target on shares of Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.40.

Shares of Mondelez International (MDLZ) traded down $0.65 during trading on Thursday, hitting $42.68. 6,837,209 shares of the stock were exchanged, compared to its average volume of 7,796,875. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market cap of $64,243.74, a P/E ratio of 20.97, a PEG ratio of 1.77 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. equities analysts predict that Mondelez International will post 2.14 earnings per share for the current year.

In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of Mondelez International stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $286,580.00. Following the transaction, 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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banque Pictet & Cie SA raised its position in Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after acquiring an additional 8,962 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after purchasing an additional 46,992 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after purchasing an additional 2,720,253 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Mondelez International in the second quarter worth about $3,867,000. Finally, AQR Capital Management LLC increased its stake in shares of Mondelez International by 43.9% in the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after purchasing an additional 134,286 shares in the last quarter. 75.86% of the stock is currently owned by institutional investors.

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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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