Mondelez International (MDLZ) Gets a Buy from RBC Capital
In a report released yesterday, Nik Modi from RBC Capital maintained a Buy rating on Mondelez International, with a price target of $63.00.
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According to TipRanks, Modi is an analyst with an average return of -4.8% and a 43.28% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Colgate-Palmolive, and B&G Foods.
In addition to RBC Capital, Mondelez International also received a Buy from Bank of America Securities’s Peter Galbo in a report issued on March 26. However, on April 7, UBS assigned a Hold rating to Mondelez International (NASDAQ: MDLZ).
Based on Mondelez International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.5 billion and a net profit of $665 million. In comparison, last year the company earned a revenue of $9.6 billion and had a net profit of $1.75 billion
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDLZ in relation to earlier this year.
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- Mondelez price target lowered to $62 from $63 at UBS
- Mondelez price target lowered to $54 from $60 at Deutsche Bank
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