Mondelez International (NASDAQ:MDLZ) PT Lowered to $76.00

Mondelez International (NASDAQ:MDLZ) had its price target dropped by investment analysts at Piper Sandler from $78.00 to $76.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 9.01% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Evercore ISI dropped their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.56 during trading on Friday, reaching $69.72. 5,609,393 shares of the company’s stock were exchanged, compared to its average volume of 7,256,222. The firm’s 50-day moving average price is $66.96 and its 200 day moving average price is $69.66. The company has a market cap of $93.52 billion, a P/E ratio of 22.13, a PEG ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 0.68. Mondelez International has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, research analysts anticipate that Mondelez International will post 3.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its stake in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in Mondelez International during the second quarter worth $27,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Mondelez International in the 4th quarter valued at $29,000. 78.32% of the stock is owned by institutional investors and hedge funds.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.