Mondelez International Inc (MDLZ) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 52

Mondelez International Inc (MDLZ) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $49 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Mondelez International Inc. Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $51 .Mondelez International Inc was Downgraded by Susquehanna to ” Neutral” on Feb 1, 2016.

On the company’s financial health, Mondelez International Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.39. The company had revenue of $6455.00 million for the quarter, compared to analysts expectations of $6422.56 million. The company’s revenue was down -16.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Mondelez International Inc opened for trading at $44.3 and hit $44.5 on the upside on Wednesday, eventually ending the session at $43.88, with a gain of 3.25% or 1.38 points. The heightened volatility saw the trading volume jump to 1,19,40,043 shares. Company has a market cap of $68,327 M.

In a different news, on Feb 17, 2016, Lewis W K Booth (director) purchased 5,430 shares at $39.37 per share price. According to the SEC, on Dec 1, 2015, Gerhard W. Pleuhs (EVP & General Counsel) sold 159 shares at $44.13 per share price. On Aug 10, 2015, Fredric G Reynolds (director) purchased 22,000 shares at $45.95 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Mondelez International Inc

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