Piper Jaffray Companies Reiterates Buy Rating for Mondelez International (MDLZ)
Mondelez International (NASDAQ:MDLZ)‘s stock had its “buy” rating reaffirmed by research analysts at Piper Jaffray Companies in a note issued to investors on Thursday. They currently have a $50.00 price target on the stock. Piper Jaffray Companies’ price target would indicate a potential upside of 14.47% from the company’s current price.
Other equities research analysts have also issued research reports about the company. TheStreet raised Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. UBS Group reissued a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Friday, October 13th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, October 3rd. Royal Bank of Canada reissued a “buy” rating and set a $53.00 price target on shares of Mondelez International in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of Mondelez International in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Mondelez International currently has an average rating of “Buy” and an average target price of $49.50.
Shares of Mondelez International (NASDAQ MDLZ) traded down $0.18 during trading hours on Thursday, hitting $43.68. The stock had a trading volume of 6,593,288 shares, compared to its average volume of 8,800,000. The stock has a market cap of $65,270.00, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.60 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 other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $41.29 per share, for a total transaction of $61,935.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Mondelez International by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,799,909 shares of the company’s stock valued at $4,267,168,000 after acquiring an additional 1,168,269 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Mondelez International by 7.3% during the 2nd quarter. Northern Trust Corp now owns 21,688,257 shares of the company’s stock worth $936,717,000 after buying an additional 1,470,112 shares during the last quarter. Lindsell Train Ltd increased its holdings in shares of Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Mondelez International by 1.0% during the 3rd quarter. Macquarie Group Ltd. now owns 16,975,186 shares of the company’s stock worth $690,211,000 after buying an additional 175,487 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mondelez International by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,967,667 shares of the company’s stock worth $689,906,000 after buying an additional 47,563 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.
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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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