Mondelez International (MDLZ) Receives Price Target

Mondelez International (MDLZ) : The highest short term price target forecast on Mondelez International (MDLZ) is $60 and the lowest target price is $44. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $49.8 with a standard deviation of $4.18.

Mondelez International (MDLZ) : 9 brokerage houses believe that Mondelez International (MDLZ) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Mondelez International (MDLZ). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 1.66.


Also, Societe Generale downgrades their rating on the shares of Mondelez International (NASDAQ:MDLZ). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 28, 2016.

Mondelez International (NASDAQ:MDLZ): The stock opened at $45.14 on Thursday but the bulls could not build on the opening and the stock topped out at $45.20 for the day. The stock traded down to $43.71 during the day, due to lack of any buying support eventually closed down at $43.95 with a loss of -2.38% for the day. The stock had closed at $45.02 on the previous day. The total traded volume was 14,287,169 shares.

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.

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