Mondelez International (MDLZ) Receives a Buy from Goldman Sachs
Goldman Sachs analyst reiterated a Buy rating on Mondelez International yesterday and set a price target of $63.00. The company’s shares closed yesterday at $57.31.
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In addition to Goldman Sachs, Mondelez International also received a Buy from Jefferies’s Scott Marks CFA in a report issued today. However, on April 13, Deutsche Bank 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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