Mondelez International (NASDAQ:MDLZ) had its price target hoisted by Buckingham Research from $57.00 to $62.00 in a research report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Buckingham Research’s price objective points to a potential upside of 15.82% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other research firms have also recently commented on MDLZ. Wells Fargo & Co boosted their price target on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 23rd. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group boosted their price target on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Mondelez International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Evercore ISI initiated coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $57.50.
NASDAQ MDLZ traded down $0.10 on Wednesday, hitting $53.53. 344,562 shares of the stock were exchanged, compared to its average volume of 4,519,898. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50. Mondelez International has a fifty-two week low of $38.78 and a fifty-two week high of $55.85. The firm has a market cap of $77.02 billion, a P/E ratio of 22.00, a PEG ratio of 2.87 and a beta of 0.83. The firm has a 50-day simple moving average of $54.84.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ibex Wealth Advisors purchased a new position in Mondelez International during the 2nd quarter worth $26,000. Brand Asset Management Group Inc. boosted its holdings in shares of Mondelez International by 1,367.6% in the second quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock valued at $27,000 after acquiring an additional 465 shares in the last quarter. JNBA Financial Advisors boosted its holdings in shares of Mondelez International by 66.0% in the second quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 210 shares in the last quarter. Manchester Financial Inc. purchased a new stake in shares of Mondelez International in the second quarter valued at about $30,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $32,000. 75.96% of the stock is currently owned by hedge funds and other institutional investors.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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