Mondelez International (NASDAQ:MDLZ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, January 3rd.
According to Zacks, “Mondelez has an attractive portfolio of iconic brands, commanding presence in impulsive categories and fast-growing emerging markets. The company's margins have remained constantly strong backed by cost savings and productivity gains. However, shares of Mondelez underperfomed the industry in the last one year. Mondelez’s volumes have been hurt since 2014 by the elasticity impact from higher pricing and category weakness because of soft consumer demand. Moreover, with a significant portion of its sales coming from the international markets, currency is a significant top-line headwind.”
A number of other equities analysts have also weighed in on MDLZ. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price objective on shares of Mondelez International in a report on Tuesday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. Royal Bank of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. Morgan Stanley decreased their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Finally, UBS Group reiterated a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.43.
Mondelez International (NASDAQ MDLZ) traded down $0.04 during mid-day trading on Wednesday, hitting $42.47. 5,177,212 shares of the stock traded hands, compared to its average volume of 7,705,862. Mondelez International has a 1 year low of $39.19 and a 1 year high of $47.23. The stock has a market capitalization of $63,550.00, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts forecast that Mondelez International will post 2.14 earnings per share for the current year.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $41.29 per share, with a total value of $61,935.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its position in shares of Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after buying an additional 4,088,329 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after buying an additional 3,143,550 shares in the last quarter. Lindsell Train Ltd raised its position 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 valued at $811,196,000 after buying an additional 3,086,000 shares in the last quarter. Eaton Vance Management raised its position in shares of Mondelez International by 98.7% during the 2nd quarter. Eaton Vance Management now owns 5,038,277 shares of the company’s stock valued at $217,603,000 after buying an additional 2,502,668 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Mondelez International by 27.2% during the 2nd quarter. Bank of Montreal Can now owns 9,466,294 shares of the company’s stock valued at $408,850,000 after buying an additional 2,023,918 shares in the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.
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.
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