Mondelez International (NASDAQ:MDLZ) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Mondelez International (NASDAQ:MDLZ) from a hold rating to a strong sell rating in a research note published on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Bank of America cut their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Royal Bank Of Canada reduced their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Down 0.2%

Mondelez International stock opened at $57.01 on Monday. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. The company has a market capitalization of $73.56 billion, a P/E ratio of 21.35, a PEG ratio of 5.34 and a beta of 0.42. The stock has a 50-day simple moving average of $61.02 and a 200-day simple moving average of $64.26.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Equities research analysts expect that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Mondelez International by 1.7% during the 1st quarter. Stephens Inc. AR now owns 27,035 shares of the company’s stock valued at $1,834,000 after acquiring an additional 464 shares during the period. CWM LLC boosted its stake in shares of Mondelez International by 12.1% during the 1st quarter. CWM LLC now owns 115,460 shares of the company’s stock worth $7,834,000 after acquiring an additional 12,482 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Mondelez International by 13.5% during the 1st quarter. Bleakley Financial Group LLC now owns 29,994 shares of the company’s stock worth $2,035,000 after acquiring an additional 3,578 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Mondelez International by 19.5% in the 1st quarter. Sigma Planning Corp now owns 13,743 shares of the company’s stock worth $932,000 after acquiring an additional 2,244 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.