Mondelez International (NASDAQ:MDLZ) received a $62.00 target price from UBS Group in a research report issued to clients and investors on Wednesday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 15.33% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group increased their price objective on shares of Mondelez International from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Buckingham Research increased their price objective on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Evercore ISI started coverage on shares of Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.50.
Shares of NASDAQ:MDLZ traded up $0.13 during midday trading on Wednesday, hitting $53.76. The company had a trading volume of 5,569,144 shares, compared to its average volume of 6,862,451. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48. The firm has a market cap of $77.02 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.87 and a beta of 0.83. Mondelez International has a 12-month low of $38.78 and a 12-month high of $55.85. The business has a fifty day simple moving average of $54.82.
In related news, EVP Maurizio Brusadelli sold 39,882 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Comerica Securities Inc. raised its position in Mondelez International by 10.6% in the 4th quarter. Comerica Securities Inc. now owns 17,677 shares of the company’s stock worth $712,000 after purchasing an additional 1,690 shares during the period. Geode Capital Management LLC raised its position in Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after purchasing an additional 1,928,429 shares during the period. CX Institutional raised its position in Mondelez International by 6.2% in the 1st quarter. CX Institutional now owns 5,908 shares of the company’s stock worth $295,000 after purchasing an additional 343 shares during the period. Arlington Partners LLC raised its position in Mondelez International by 312.5% in the 1st quarter. Arlington Partners LLC now owns 4,950 shares of the company’s stock worth $247,000 after purchasing an additional 3,750 shares during the period. Finally, EFG Asset Management Americas Corp. raised its position in Mondelez International by 17.5% in the 1st quarter. EFG Asset Management Americas Corp. now owns 66,572 shares of the company’s stock worth $3,323,000 after purchasing an additional 9,910 shares during the period. 75.96% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Company Profile
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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