Stifel Nicolaus Reaffirms Their Buy Rating on Mondelez International (MDLZ)
In a report released today, Matthew Smith, CFA from Stifel Nicolaus maintained a Buy rating on Mondelez International, with a price target of $68.00.
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Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as General Mills, Kraft Heinz, and Conagra Brands. According to TipRanks, Smith, CFA has an average return of 4.9% and a 51.83% success rate on recommended stocks.
In addition to Stifel Nicolaus, Mondelez International also received a Buy from Morgan Stanley’s Megan Alexander in a report issued on February 20. However, on February 19, TipRanks – OpenAI reiterated a Hold rating on 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 33 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.
Read More on MDLZ:
Disclaimer & DisclosureReport an Issue
- Investors Flee Big Tech for “Real Economy” Stocks as Market Leadership Shifts
- Mondelez Establishes New $1.5 Billion Credit Facility
- Conagra Brands price target raised to $19 from $18 at Morgan Stanley
- General Mills price target lowered to $44 from $47 at Morgan Stanley
- General Mills price target lowered to $48 from $53 at Bernstein
