TheStreet has downgraded Mondelez International Inc (NASDAQ:MDLZ) to Hold in a statement released on 2/9/2017.

Previously on 2/8/2017, Citigroup Inc. reported about Mondelez International Inc (NASDAQ:MDLZ) bumped up the target price from $0.00 to $53.00. At the time, this indicated a possible upside of 0.19%.

Just yesterday Mondelez International Inc (NASDAQ:MDLZ) traded 1.08% higher at $45.12. The company’s 50-day moving average is $44.66 and its two hundred day average is $43.48. With the last stock price close up 3.38% relative to the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same period. Trade Volume was up over the average, with 1,486,763,622 shares of MDLZ changing hands over the typical 8,419,400

Recent Performance Chart

Mondelez International Inc has a 52 week low of $36.90 and a 52 week high of $46.40 with a P/E ratio of 42.81 The company’s market cap is currently $0.

A total of 17 brokerages have issued a ratings update on Mondelez International Inc. Four analysts rating the company a strong buy, 10 brokers rating the stock a buy, 8 brokers rating the company a hold, one brokerage rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $46.06.

More About Mondelez International Inc (NASDAQ:MDLZ)

Mondelez International, Inc. is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America. Its portfolio includes over seven brands, including Nabisco, Oreo and LU biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates, and Trident gum, as well as over 50 brands. The Company's brands span five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. The Company's other brands include Oreo, Chips Ahoy!, Ritz, TUC/Club Social and belVita biscuits; Cadbury Dairy Milk, Milka and Lacta chocolate; Trident gum; Hall's candy, and Tang powdered beverages.

The post Mondelez International Inc (NASDAQ:MDLZ) has been downgraded to Hold in a report by TheStreet today. appeared first on Octafinance.