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

Shares of Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) have received an average recommendation of "Buy" from the sixteen research firms that are covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $80.31.

A number of equities analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Wells Fargo & Company decreased their target price on Mondelez International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.32 during trading hours on Wednesday, hitting $64.19. The stock had a trading volume of 1,364,421 shares, compared to its average volume of 6,747,309. The firm has a market capitalization of $85.83 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a 50-day moving average price of $70.65 and a 200 day moving average price of $69.45. Mondelez International has a fifty-two week low of $63.40 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company posted $0.82 EPS. The company's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts anticipate that Mondelez International will post 3.48 EPS for the current year.

Institutional Trading of Mondelez International

Several institutional investors have recently added to or reduced their stakes in the stock. Axiom Advisory LLC raised its holdings in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company's stock valued at $643,000 after buying an additional 143 shares during the period. Cadence Bank lifted its position in shares of Mondelez International by 1.3% during the first quarter. Cadence Bank now owns 11,489 shares of the company's stock worth $804,000 after purchasing an additional 148 shares in the last quarter. Sachetta LLC boosted its stake in shares of Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company's stock valued at $81,000 after purchasing an additional 149 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after purchasing an additional 150 shares in the last quarter. Finally, Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company's stock worth $811,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

About Mondelez International

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.