Bank of America Securities Sticks to Its Buy Rating for Mondelez International (MDLZ)
In a report released today, Peter Galbo from Bank of America Securities reiterated a Buy rating on Mondelez International, with a price target of $65.00.
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According to TipRanks, Galbo is an analyst with an average return of -0.3% and a 46.06% success rate. Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, General Mills, and McCormick & Company.
In addition to Bank of America Securities, Mondelez International also received a Buy from RBC Capital’s Nik Modi in a report issued yesterday. 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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