Mondelez International (NASDAQ:MDLZ) has been given a $50.00 target price by Piper Jaffray Companies in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Piper Jaffray Companies’ price objective points to a potential upside of 14.47% from the company’s current price.
A number of other brokerages also recently issued reports on MDLZ. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. UBS Group restated a “buy” rating and set a $49.00 price target on shares of Mondelez International in a report on Friday, October 13th. Finally, Morgan Stanley cut their price target 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Mondelez International presently has an average rating of “Buy” and a consensus price target of $49.50.
Shares of Mondelez International (NASDAQ:MDLZ) traded down $0.18 during midday trading on Thursday, hitting $43.68. 6,824,600 shares of the stock were exchanged, compared to its average volume of 7,989,033. The firm has a market cap of $65,710.00, a P/E ratio of 30.33, a P/E/G ratio of 1.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23.
In related news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue boosted its position in Mondelez International by 498.0% in the 4th quarter. State of Alaska Department of Revenue now owns 144,327 shares of the company’s stock valued at $6,175,000 after buying an additional 120,193 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Mondelez International by 3.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,438,637 shares of the company’s stock valued at $232,774,000 after buying an additional 192,719 shares during the period. Coastline Trust Co purchased a new position in Mondelez International in the 4th quarter valued at approximately $384,000. Koshinski Asset Management Inc. boosted its position in Mondelez International by 88.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 9,795 shares of the company’s stock valued at $419,000 after buying an additional 4,609 shares during the period. Finally, Sky Investment Group LLC boosted its position in Mondelez International by 22.5% in the 4th quarter. Sky Investment Group LLC now owns 24,423 shares of the company’s stock valued at $1,045,000 after buying an additional 4,485 shares during the period. 75.82% of the stock is owned by institutional investors.
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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