Mondelez International Inc (NASDAQ:MDLZ) Has Just Had Its Target Price per Share Upgraded by Equity Analysts at Bernstein to $58.00

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Stock Analysis:Mondelez International Inc (NASDAQ:MDLZ) Target Change

In an analyst note sent to investors by Bernstein on Friday morning, Mondelez International Inc (NASDAQ:MDLZ) had its price target raised to $58.00. The firm right now has a solid Outperform rating on shares.

From a total of 17 analysts covering Mondelez International Inc (NASDAQ:MDLZ) stock, 16 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is $58 while the lowest target price is $35. The mean of all analyst targets is $50.29 with a 10.34% above today’s ($44.5) stock price. Mondelez International Inc was the topic of 12 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on October 26 with “Positive” rating. CLSA downgraded shares to “Outperform” rating and $52 target share price in a report from an August 6. Buckingham Research initiated MDLZ stock in a recent report from October 19 with “Buy” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a July 31.

The stock increased 4.44% or $1.89 on December 4, striking $44.5. Approximately shares of stock traded hands. Mondelez International Inc (NASDAQ:MDLZ) has risen 15.23% since May 4, 2015 and is uptrending. It has outperformed by 16.30% the S&P500.

Mondelez International, Inc. is a snack food and beverage company. The company has a market cap of $70.72 billion. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. It has 8.56 P/E ratio. The Firm offers its brands in five product categories: biscuits ; chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery.

According to Zacks Investment Research, “Mondelez International, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.” Get a free copy of the Zacks research report on Mondelez International Inc (MDLZ).

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