In a report released today, Stephen Powers from Deutsche Bank maintained a Hold rating on Mondelez International, with a price target of $65.00. The company’s shares opened today at $60.79.
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Powers covers the Consumer Defensive sector, focusing on stocks such as Clorox, The Estée Lauder Companies, and The Hershey Company. According to TipRanks, Powers has an average return of 3.8% and a 61.08% success rate on recommended stocks.
In addition to Deutsche Bank , Mondelez International also received a Hold from UBS’s Peter Grom in a report issued on October 8. However, on October 10, Barclays maintained a Buy rating on Mondelez International (NASDAQ: MDLZ).
Based on Mondelez International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.98 billion and a net profit of $641 million. In comparison, last year the company earned a revenue of $8.34 billion and had a net profit of $601 million
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