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Mondelez International (MDLZ) Received its Third Buy in a Row

After RBC Capital and Barclays gave Mondelez International (NASDAQ: MDLZ) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Kenneth Zaslow maintained a Buy rating on Mondelez International today and set a price target of $75.00. The company’s shares closed last Thursday at $65.02.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 12.4% and a 70.9% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as BellRing Brands, Pilgrim’s Pride, and Sanderson Farms.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mondelez International with a $71.83 average price target, which is a 12.1% upside from current levels. In a report issued on April 25, RBC Capital also maintained a Buy rating on the stock with a $69.00 price target.

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Based on Mondelez International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.66 billion and net profit of $1 billion. In comparison, last year the company earned revenue of $7.3 billion and had a net profit of $1.16 billion.

Based on the recent corporate insider activity of 47 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Illinois-based Mondelez International, Inc. is one of the largest snack companies in the world, with it manufacturing and marketing snack food products like biscuits (cookies, crackers and salted snacks), chocolate, gum & candy as well as various cheese & grocery and powdered beverage products. Its iconic global brands include Oreo, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum.

Read More on MDLZ:

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