RBC Capital Sticks to Their Buy Rating for Mondelez International (MDLZ)

RBC Capital analyst Nik Modi maintained a Buy rating on Mondelez International (MDLZ – Research Report) yesterday and set a price target of $83.00. The company’s shares closed yesterday at $71.31.

Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Constellation Brands, and The Hershey Company. According to TipRanks, Modi has an average return of 6.4% and a 60.32% success rate on recommended stocks.

Mondelez International has an analyst consensus of Strong Buy, with a price target consensus of $82.33, implying a 15.45% upside from current levels. In a report released on April 18, Bernstein also maintained a Buy rating on the stock with a $88.00 price target.

Based on Mondelez International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.31 billion and a net profit of $950 million. In comparison, last year the company earned a revenue of $8.7 billion and had a net profit of $583 million

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Mondelez International (MDLZ) Company Description:

Illinois-based Mondelez International, Inc. is one of the largest snack companies in the world, with it manufacturing and marketing snack food products like biscuits (cookies, crackers and salted snacks), chocolate, gum & candy as well as various cheese & grocery and powdered beverage products. Its iconic global brands include Oreo, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum.