Mondelez International (MDLZ) Raised to Sell at BidaskClub
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.
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.
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