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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the 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 firm 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 earned $0.52 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts expect 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 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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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