Mondelez International Received its Third Buy in a Row

By Jason Carr

After RBC Capital and Credit Suisse assigned a Buy rating to Mondelez International in the last month, the company received another Buy, this time from BMO Capital. Analyst Kenneth Zaslow reiterated a Buy rating on Mondelez International (NASDAQ: MDLZ) yesterday and set a price target of $48. The company’s shares closed yesterday at $45.73.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 14.5% and a 81.7% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Monster Beverage Corp, and AdvancePierre Foods.

Currently, the analyst consensus on Mondelez International is Strong Buy and the average price target is $49.50, representing an 8.2% upside.

In a report issued on June 12, Credit Suisse also maintained a Buy rating on the stock with a $50 price target.

The company has a one year high of $47.23 and a one year low of $40.50. Currently, Mondelez International has an average volume of 7.24M.

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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.