Mondelez International (NASDAQ:MDLZ) Now Covered by BNP Paribas

Investment analysts at BNP Paribas assumed coverage on shares of Mondelez International (NASDAQ:MDLZGet Rating) in a research note issued on Tuesday, MarketBeat reports. The brokerage set a “neutral” rating and a $68.00 price target on the stock. BNP Paribas’ target price indicates a potential upside of 4.62% from the company’s previous close.

MDLZ has been the topic of several other reports. The Goldman Sachs Group cut their price target on shares of Mondelez International from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Sanford C. Bernstein boosted their price target on shares of Mondelez International to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. TheStreet cut shares of Mondelez International from a “b” rating to a “c+” rating in a report on Tuesday, November 1st. Cowen initiated coverage on shares of Mondelez International in a report on Wednesday, September 14th. They set an “outperform” rating and a $71.00 price target on the stock. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.94.

Mondelez International Stock Up 0.5 %

Shares of NASDAQ MDLZ opened at $65.00 on Tuesday. The stock has a market capitalization of $88.77 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.26 and a beta of 0.66. The company has a 50-day moving average price of $59.76 and a 200-day moving average price of $61.78. Mondelez International has a 1 year low of $54.72 and a 1 year high of $69.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.46.

Institutional Trading of Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of MDLZ. BlackRock Inc. raised its position in shares of Mondelez International by 8.6% in the first quarter. BlackRock Inc. now owns 95,055,488 shares of the company’s stock valued at $5,967,581,000 after purchasing an additional 7,536,591 shares during the period. FMR LLC increased its holdings in Mondelez International by 27.1% during the 2nd quarter. FMR LLC now owns 25,473,749 shares of the company’s stock worth $1,581,665,000 after acquiring an additional 5,433,813 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Mondelez International by 18.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 26,917,893 shares of the company’s stock worth $1,476,488,000 after acquiring an additional 4,272,750 shares during the period. Vanguard Group Inc. increased its holdings in Mondelez International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 121,438,592 shares of the company’s stock worth $6,658,478,000 after acquiring an additional 3,301,344 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Mondelez International by 759.1% during the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock worth $190,556,000 after acquiring an additional 2,682,000 shares during the period. Institutional investors own 76.41% of the company’s stock.

About Mondelez International

(Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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