Noteworthy Price Action: Is Mondelez International Inc a Buy? The Stock Rises Again

Noteworthy Price Action: Is Mondelez International Inc a Buy? The Stock Rises Again

The stock of Mondelez International Inc (NASDAQ:MDLZ) is a huge mover today! About 4.82 million shares traded hands. Mondelez International Inc (NASDAQ:MDLZ) has risen 3.85% since April 5, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.
The move comes after 6 months positive chart setup for the $73.34 billion company. It was reported on Nov, 8 by Barchart.com. We have $57.20 PT which if reached, will make NASDAQ:MDLZ worth $18.34 billion more.

Mondelez International Inc (NASDAQ:MDLZ) Ratings Coverage

Out of 16 analysts covering Mondelez International Inc (NASDAQ:MDLZ), 11 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 69% are positive. Mondelez International Inc has been the topic of 29 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Mondelez International Inc (NASDAQ:MDLZ) on Friday, July 31 with “Buy” rating. The stock of Mondelez International Inc (NASDAQ:MDLZ) has “Outperform” rating given on Thursday, August 6 by Credit Agricole. RBC Capital Markets maintained the shares of MDLZ in a report on Thursday, April 28 with “Outperform” rating. As per Monday, October 19, the company rating was initiated by Buckingham Research. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. The stock has “Outperform” rating given by CLSA on Thursday, August 6. The company was initiated on Monday, October 26 by Susquehanna. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. As per Thursday, February 4, the company rating was upgraded by Canaccord Genuity. The firm earned “Overweight” rating on Tuesday, September 6 by JP Morgan.

According to Zacks Investment Research, “Mondelez International, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.11, from 1 in 2016Q1. The ratio turned negative, as 61 funds sold all Mondelez International Inc shares owned while 432 reduced positions. 88 funds bought stakes while 349 increased positions. They now own 1.15 billion shares or 2.26% less from 1.18 billion shares in 2016Q1.
Taurus Asset Mgmt Lc has 376,305 shares for 3.01% of their US portfolio. Morgan Stanley holds 0.34% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ) for 20.72M shares. Henderson Pcl owns 190,508 shares or 0.07% of their US portfolio. Moreover, Atlanta Capital Group Inc has 0.12% invested in Mondelez International Inc (NASDAQ:MDLZ) for 11,658 shares. Mitchell Sinkler Starr Pa accumulated 0.52% or 8,420 shares. Hbk Invs Limited Partnership has 0.12% invested in the company for 337,117 shares. Deltec Asset Mngmt Lc holds 26,600 shares or 0.3% of its portfolio. Redmond Asset Mngmt Limited has 10,000 shares for 0.23% of their US portfolio. Moreover, Kbc Grp Nv has 0.76% invested in Mondelez International Inc (NASDAQ:MDLZ) for 1.17M shares. Valicenti Advisory Ser has invested 0.44% of its portfolio in Mondelez International Inc (NASDAQ:MDLZ). Moreover, Prudential Public Limited Liability Com has 0.23% invested in Mondelez International Inc (NASDAQ:MDLZ) for 1.29 million shares. Cetera Advsrs Limited Liability Corp holds 0.05% or 12,850 shares in its portfolio. Bahl And Gaynor holds 38,453 shares or 0.02% of its portfolio. Comerica National Bank, a Michigan-based fund reported 594,297 shares. Btr Capital last reported 6,813 shares in the company.

Insider Transactions: Since November 1, 2016, the stock had 0 insider buys, and 1 insider sale for $167.53 million net activity. $167.53M worth of Mondelez International Inc (NASDAQ:MDLZ) was sold by PELTZ NELSON.

Another recent and important Mondelez International Inc (NASDAQ:MDLZ) news was published by Wsj.com which published an article titled: “Mondelez International Earnings — What to Watch” on October 26, 2016.

MDLZ Company Profile

Mondelez International, Inc., incorporated on January 10, 2005, is a snack company. The Firm makes and markets snack food and beverage products for clients in approximately 165 countries around the world. The Firm operates through five divisions: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America. The Company’s portfolio includes over seven brands, including Nabisco, Oreo and LU biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates, and Trident gum, as well as over 50 brands. The Company’s brands span five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. The Company’s other brands include Oreo, Chips Ahoy!, Ritz, TUC/Club Social and belVita biscuits; Cadbury Dairy Milk, Milka and Lacta chocolate; Trident gum; Hall’s candy, and Tang powdered beverages.

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