Analysts Are Downgrading These 5 Stocks

Page 1 of 5

In this article, we discuss the 5 stocks recently downgraded by analysts. If you want to see more such stocks on the list, go directly to Analysts Are Downgrading These 10 Stocks.

5. Mondelez International, Inc. (NASDAQ:MDLZ)

Number of Hedge Fund Holders: 52

UBS trimmed its ratings for Mondelez International, Inc. (NASDAQ:MDLZ) from “Buy” to “Neutral” on Thursday, December 8, citing limited upside for the stock.

Analyst Cody Ross thinks macro challenges would likely restrict the company’s profitability growth next year. Ross mentioned strong U.S. dollar, increasing interest rates and inflation that would likely cap the growth of Mondelez International, Inc. (NASDAQ:MDLZ) in the coming quarters.

Separately, investment management firm Coho Partners briefly discussed Mondelez International, Inc. (NASDAQ:MDLZ) in its third-quarter 2022 investor letter, stating:

“Analysts’ bottom-up estimates for both 2022 and 2023 for the S&P 500 Index are beginning to decline. Coho is not immune to the earnings pressure exerted by a strong USD, although the portfolio on the whole has modestly less foreign revenue exposure relative to the S&P 500 Index. The two most impacted Coho stocks includes Mondelez International (NASDAQ:MDLZ), which gets about 75% of its revenues outside the U.S.”

Follow Mondelez International Inc. (NASDAQ:MDLZ)

Page 1 of 5