Mondelez International (MDLZ) : Analyst Rating Update

Mondelez International (MDLZ) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Mondelez International (MDLZ) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $44. The average forecast of all the analysts is $49.2 and the expected standard deviation is $4.47.

Mondelez International (NASDAQ:MDLZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.72 and $44.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.20, notching a gain of 0.67% for the day. The total traded volume was 6,838,563 . The stock had closed at $44.90 on the previous day.

The company shares have rallied 8.43% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $48.58 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $44.15 and the 200 Day Moving Average price is recorded at $42.40.

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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