Mondelez International (MDLZ) Receives a Buy from Bernstein

In a report released on March 20, Alexia Burland Howard from Bernstein maintained a Buy rating on Mondelez International, with a price target of $73.00. The company’s shares closed last Friday at $56.21.

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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, JM Smucker, and McCormick & Company. According to TipRanks, Burland Howard has an average return of -8.3% and a 36.49% success rate on recommended stocks.

Currently, the analyst consensus on Mondelez International is a Moderate Buy with an average price target of $67.13, implying a 19.43% upside from current levels. In a report released on March 16, Morgan Stanley also reiterated a Buy rating on the stock with a $70.00 price target.

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 31 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.