Analysis: Mondelez International Inc (NASDAQ:MDLZ) Stock Target Has Just Been Increased Today
In a very recent research note sent to clients and investors by Nomura on Monday, 7 December, the firm, Mondelez International Inc (NASDAQ:MDLZ), had their target price lowered to $33.00. Analusts presently have a solid Reduce rating on the stock.
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 13.56% above today’s ($43.95) stock price. Mondelez International Inc was the topic of 13 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.
Approximately 2.09M 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.
The overall sentiment of institutions has increased to 1.03 in Q2 2015. Its up 0.28, from 0.75 in 2015Q2. The ratio increased, as 50 institutions have sold all the shares of Mondelez International Inc that they owned while 405 funds have taken shares off the table. 101 funds have purchased shares for the first time while 366 added to their positions. These institutions now hold 1.12 billion shares or 8.08% less than the 1.22 billion shares they owned in 2015Q2.
The Fund Lindsell Train Ltd currently is holding shares equating to 26.25% of its total portfolio in Mondelez International Inc representing a total of 9.18 million shares. Another fund,Trian Fund Management L.P., is holding a total of 48.03 million shares equating to 17.16% of their holdings. Additionally, Pershing Square Capital Management L.P. has a 43.37 million share stake in Mondelez International Inc which represents 13.02% of their total portfolio. The Fund, Relational Investors Llc, based out of California, has also built up a stake in the stock, which represents a total of 12.05% of their total portfolio. Finally Glade Brook Capital Partners Llc, a fund which is based in the state of Connecticut reported a total holdings of 751,321 shares.
Mondelez International, Inc. is a snack food and beverage company. The company has a market cap of $70.66 billion. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. It has 8.45 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).