Mondelez International (MDLZ) Receives a Buy from J.P. Morgan

J.P. Morgan analyst Thomas Palmer maintained a Buy rating on Mondelez International today and set a price target of $67.00.

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According to TipRanks, Palmer is an analyst with an average return of -1.0% and a 43.06% success rate. Palmer covers the Consumer Defensive sector, focusing on stocks such as Bunge Global, McCormick & Company, and Darling Ingredients.

In addition to J.P. Morgan, Mondelez International also received a Buy from Morgan Stanley’s Megan Alexander in a report issued on March 20. However, today, Rothschild & Co Redburn downgraded Mondelez International (NASDAQ: MDLZ) to a Hold.

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.