Mondelez International's (MDLZ) "Outperform" Rating Reaffirmed at Royal Bank of Canada

Mondelez International (NASDAQ:MDLZ - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued on Monday,Benzinga reports. They presently have a $69.00 price target on the stock. Royal Bank of Canada's price target points to a potential upside of 5.78% from the company's previous close.

MDLZ has been the subject of a number of other research reports. UBS Group upped their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, Morgan Stanley began coverage on Mondelez International in a research note on Monday, March 24th. They set an "overweight" rating and a $69.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.70.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.36 during trading hours on Monday, reaching $65.23. 1,629,452 shares of the company traded hands, compared to its average volume of 10,414,889. The firm has a 50-day moving average price of $65.85 and a 200 day moving average price of $63.76. The company has a market cap of $84.37 billion, a P/E ratio of 19.07, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Mondelez International in the 4th quarter worth $1,118,755,000. Capital Research Global Investors grew its stake in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mondelez International in the fourth quarter worth about $256,832,000. Van ECK Associates Corp lifted its position in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Mondelez International in the 1st quarter valued at about $189,930,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Company Profile

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.

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