Mondelez International Receives a Buy from Credit Suisse

By Carrie Williams

Credit Suisse analyst Robert Moskow maintained a Buy rating on Mondelez International (NASDAQ: MDLZ) yesterday and set a price target of $50. The company’s shares opened today at $45.29.

According to TipRanks.com, Moskow is a 4-star analyst with an average return of 3.8% and a 58.6% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Amplify Snack Brands, and McCormick & Company.

Mondelez International has an analyst consensus of Strong Buy, with a price target consensus of $49.50.

Based on Mondelez International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.41 billion and quarterly net profit of $630 million. In comparison, last year the company earned revenue of $6.46 billion and had a net profit of $511 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Last month, Robin Hargrove, the EVP, Research, Dev & Quality of MDLZ sold 6,000 shares for a total of $269,220.

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.

Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. The company operates its business through following segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, meals, chocolate, and gum and candy. Its brands include but not limited to Nabisco, Oreo, and LU biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; and Trident gum. Mondelez International was founded by James Lewis Kraft in 1903 is headquartered in Deerfield, IL.