Mondelez International Reports Q2 Results, Updates 2015 Outlook and Reaffirms 2016 Margin Target
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Mondelez (MDLZ) PT Raised to $49 at RBC Capital
July 31, 2015 6:43 AM EDTRBC Capital analyst David Palmer reiterated an Outperform rating and lifted his price target on Mondelez International (NASDAQ: MDLZ) to $49.00 (from $43.00) following strong Q2 results.
"We believe Mondelez is transitioning into phase of better revenue trends and reinvestment, which could make... More
Goldman Sachs Downgrades Mondelez International (MDLZ) to Neutral
July 31, 2015 6:34 AM EDTGoldman 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.
... MoreMondelez Int'l (MDLZ) Tops Q2 EPS by 8c; Adds $6B to Common Stock Buyback Program
July 30, 2015 8:03 AM EDTMondelez 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
