Mondelez International (MDLZ) : The consensus on Mondelez International (MDLZ) based on 16 analyst recommendation on the company stock is 1.66, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Mondelez International (MDLZ) : 10 investment research analysts covering Mondelez International (MDLZ) have an average price target of $49.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $44 for the short term. Analysts expect the variance to be within $4.18 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Societe Generale, downgrades their rating on the shares of Mondelez International (NASDAQ:MDLZ). Societe Generale has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 28, 2016.
Mondelez International (NASDAQ:MDLZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.98 and $42.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.10, notching a gain of 0.16% for the day. The total traded volume was 5,070,939 . The stock had closed at $43.03 on the previous day.
Mondelez International, Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company offers its brands in five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. It has a portfolio of around 58 brands, which include nine billion dollar brands: LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates; Trident gum, and Jacobs coffee and Tang powdered beverages. It has operations in Latin America, Asia Pacific, Eastern Europe, Middle East, and Africa (EEMEA), Europe and North America. The Companys products are sold to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets.