RBC Capital Believes Mondelez International (NASDAQ: MDLZ) Still Has Room to Grow

By Ryan Adsit

In a report released today, Mirco Badocco from RBC Capital reiterated a Buy rating on Mondelez International (NASDAQ: MDLZ), with a price target of $54. The company’s shares closed last Friday at $45.73, close to its 52-week high of $46.40.

According to TipRanks.com, Badocco is a 3-star analyst with an average return of 6.0% and a 66.7% success rate. Badocco covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Estee Lauder Companies, and Colgate-Palmolive.

Mondelez International has an analyst consensus of Strong Buy, with a price target consensus of $50.20.

The company has a one year high of $46.40 and a one year low of $40.50. Currently, Mondelez International has an average volume of 7.37M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Earlier this 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.