Mondelez International, Inc. (NASDAQ:MDLZ) Given Consensus Recommendation of “Buy” by Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned a consensus rating of “Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Fifteen research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $80.75.

MDLZ has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

Hedge Funds Weigh In On Mondelez International

Several hedge funds have recently modified their holdings of MDLZ. Bogart Wealth LLC raised its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $26,000. Carmel Capital Partners LLC purchased a new position in shares of Mondelez International in the third quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Mondelez International during the third quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $29,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $69.89 on Friday. The business’s 50-day simple moving average is $70.29 and its 200 day simple moving average is $70.86. The company has a market cap of $94.11 billion, a P/E ratio of 22.19, a PEG ratio of 2.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.77. Mondelez International has a one year low of $60.75 and a one year high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter last year, the company earned $0.89 earnings per share. Mondelez International’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Mondelez International will post 3.51 earnings per share for the current fiscal year.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.