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.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. sell-side analysts expect that Mondelez International will post 2.14 EPS for the current year.

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.

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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