Mondelez International (MDLZ) : 17 analysts are covering Mondelez International (MDLZ) and their average rating on the stock is 1.62, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Mondelez International (MDLZ) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Mondelez International (MDLZ) stock is expected to deviate a maximum of $4.18 from the average target price of $49.8 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $44.
For the current week, the company shares have a recommendation consensus of Buy. Also, Societe Generale downgrades its rating on Mondelez International (NASDAQ:MDLZ). Analysts at the Societe Generale have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 28, 2016.
Mondelez International (NASDAQ:MDLZ): stock was range-bound between the intraday low of $43.54 and the intraday high of $44.51 after having opened at $44.44 on Wednesdays session. The stock finally closed in the red at $44.44, a loss of -1.85%. The stock remained in the red for the whole trading day. The total traded volume was 7,266,133 shares. The stock failed to cross $44.51 in Wednesdays trading. The stocks closing price on Thursday was $44.42.
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.