BidaskClub Lowers Mondelez International (MDLZ) to Strong Sell
Mondelez International (NASDAQ:MDLZ) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.
MDLZ has been the subject of several other research reports. UBS Group restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research report on Friday, October 13th. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of Mondelez International in a report on Thursday, November 2nd. Buckingham Research cut their price objective on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. JPMorgan 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 report on Wednesday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $49.53.
Mondelez International (MDLZ) traded up $0.55 on Friday, hitting $43.23. 10,810,000 shares of the company traded hands, compared to its average volume of 8,470,000. Mondelez International has a 52-week low of $39.19 and a 52-week 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 firm has a market cap of $64,600.00, a P/E ratio of 30.02, a PEG ratio of 1.58 and a beta of 0.97.
In other Mondelez International news, Director Lewis W. K. Booth acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Neville Rodie & Shaw Inc. grew its stake in shares of Mondelez International by 16.4% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 11,680 shares of the company’s stock valued at $500,000 after buying an additional 1,644 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Mondelez International by 48.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 99,907 shares of the company’s stock valued at $4,063,000 after buying an additional 32,690 shares during the period. Shelton Capital Management grew its stake in shares of Mondelez International by 4.7% in the 3rd quarter. Shelton Capital Management now owns 134,119 shares of the company’s stock valued at $5,453,000 after buying an additional 6,035 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $312,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Mondelez International by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,012,089 shares of the company’s stock valued at $41,152,000 after buying an additional 3,643 shares during the period. 75.78% of the stock is owned by institutional investors and hedge funds.
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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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