Mondelez (MDLZ) PT Raised to $49 at RBC Capital

Goldman Sachs Downgrades Mondelez International (MDLZ) to Neutral

Goldman Sachs downgraded Mondelez International (NASDAQ: MDLZ) from Buy to Neutral with a price target of $46.00 (from $43.00).

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 $45.27 yesterday.

Mondelez Int'l (MDLZ) Tops Q2 EPS by 8c; Adds $6B to Buyback Plan

Mondelez Int'l (NASDAQ: MDLZ) reported Q2 EPS of $0.47, $0.08 better than the analyst estimate of $0.39. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.5 billion.

The company's Board of Directors approved a $6.0 billion increase to the company's share repurchase authorization from $7.7 billion to $13.7 billion and extended the expiration by two years to December 31, 2018.

"Our strong second quarter results reflect continued execution of our transformation agenda," said Irene... More

Mondelez Int'l (MDLZ) Tops Q2 EPS by 8c; Adds $6B to Common Stock Buyback Program

Mondelez Int'l (NASDAQ: MDLZ) reported Q2 EPS of $0.47, $0.08 better than the analyst estimate of $0.39. Revenue for the quarter came in at $7.66 billion versus the consensus estimate of $7.5 billion.

Return of Capital

The company's Board of Directors approved a $6.0 billion increase to the company's share repurchase authorization from $7.7 billion to $13.7 billion and extended the expiration by two years to December 31, 2018. In the first half, the company repurchased nearly $2.2 billion of its common stock at an average price of $37.17 per share.

As previously announced, on July 23, 2015, the company's... More