Credit Suisse analyst Robert Moskow maintained a Buy rating on Mondelez International (NASDAQ: MDLZ) on April 27 and set a price target of $48. The company’s shares closed on Friday at $39.93, close to its 52-week low of $39.19.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.5% and a 51.4% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as TreeHouse Foods, Pinnacle Foods, and Bunge Limited.
Currently, the analyst consensus on Mondelez International is Strong Buy and the average price target is $50.86, representing a 27.4% upside.
In a report issued on April 24, RBC Capital also reiterated a Buy rating on the stock with a $54 price target.
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Based on Mondelez International’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $6.97 billion and quarterly net profit of $762 million. In comparison, last year the company earned revenue of $6.41 billion and had a net profit of $630 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.
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Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, meals, chocolate, gum, and candy.
