Mondelez Int'l (MDLZ): Mixed Data Points, Cutting Estimates But Not Rating Or PT - RBC

October 24, 2016 8:54 AM EDT
Get Alerts MDLZ Hot Sheet
Price: $45.20 +1.37%

Rating Summary:
    13 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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RBC Capital analyst, David Palmer, reiterated his Outperform rating on shares of Mondelez International (NASDAQ: MDLZ) but cut EPS estimates to reflect a sequential slowdown in US pricing (due to higher promotional spending) and continued deterioration of the British pound (9–10% of MDLZ global sales).

However, the analyst continues to see upside to the company's internal cost savings targets and believes Kraft Heinz remains a likely bidder for the company in '17.

No change to the $54 price target.

For an analyst ratings summary and ratings history on Mondelez International click here. For more ratings news on Mondelez International click here.

Shares of Mondelez International closed at $42.21 yesterday.

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