Mondelez Int’l (NASDAQ:MDLZ) Price Target & New Coverage by Deutsche Bank

Deutsche Bank issued “Hold” rating on Mondelez Int’l (NASDAQ:MDLZ). The firm began coverage on shares of MDLZ in a report issued to investors and clients on Wednesday morning. Deutsche Bank’s target price would suggest upside of 8.91 % from the company’s last price.

The new coverage is well received by equity traders, as NASDAQ:MDLZ is currently trading 0.34% higher at $45.15 as of 6:09 AM New York time. Mondelez Int’l shares have [From2] 0% over the past 200 days, while the S&P 500 has gained 13.18% in the same time.

According to data compiled by Thomson Reuters, Mondelez Int’l (NASDAQ:MDLZ)’s Stock is covered by 17 equity analysts across the Street, with 1 analysts giving it a Sell rating, 14 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $46.06, which reflects an upside potential of 2.02% over the current price.

Institutional Ownership

Lindsell Train Ltd had the most significant stake with ownership of 10.30 million shares as of q2 2015 for 25.54% of the stock exposure. Trian Fund Management L.P. is another very bullish active investment manager who is possessing 48.03 million shares of Mondelez Int’l or 20.6% of their stock exposure. Furthermore, Pershing Square Capital Management L.P. have 18.61% of their stock exposure invested in the company for 22.94 million shares. The Hong Kong-based fund Hillhouse Capital Management Ltd. disclosed it had acquired a stake worth about 8.34% of the active investment manager’s stock portfolio in Mondelez Int’l. The Connecticut-based fund Sustainable Growth Advisers Lp is also positive about the stock, possessing 9.30 million shares or 4.22% of their stock exposure.

Mondelez Int’l (NASDAQ:MDLZ) Profile

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.

Mondelez Int’l (NASDAQ:MDLZ) traded up 0.34% on 15 February, hitting $45.15. A total of 2.83 million shares of the company’s stock traded hands. This is down from average of 7.22 million shares. Mondelez Int’l has a 52 week low of $38.40 and a 52 week high of $46.4. The company has a market cap of $69.66 billion and a P/E ratio of 42.83.

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The post Deutsche Bank Starts Coverage on Mondelez Int’l (NASDAQ:MDLZ) Stock with “Hold” Rating and $49.0 Target appeared first on Octafinance.