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, 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.

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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.