Mondelez International (MDLZ) Given a $50.00 Price Target at Piper Jaffray Companies

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.

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

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.

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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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