Citigroup Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $78.00

Mondelez International (NASDAQ:MDLZ) had its target price decreased by Citigroup from $80.00 to $78.00 in a report released on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. DA Davidson decreased 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 report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $79.94.

Mondelez International Stock Performance

Mondelez International stock opened at $69.79 on Wednesday. The firm’s fifty day moving average price is $72.45 and its 200-day moving average price is $69.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a market cap of $93.23 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. On average, equities research analysts expect that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of MDLZ. Kovack Advisors Inc. bought a new stake in Mondelez International during the first quarter worth about $237,000. First Trust Direct Indexing L.P. boosted its stake in Mondelez International by 9.3% during the first quarter. First Trust Direct Indexing L.P. now owns 37,190 shares of the company’s stock worth $2,603,000 after acquiring an additional 3,164 shares in the last quarter. Accel Wealth Management bought a new stake in Mondelez International during the first quarter worth about $208,000. Tempus Wealth Planning LLC lifted its stake in shares of Mondelez International by 6.1% in the first quarter. Tempus Wealth Planning LLC now owns 3,344 shares of the company’s stock worth $234,000 after buying an additional 193 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Mondelez International by 0.9% in the first quarter. Maryland State Retirement & Pension System now owns 106,775 shares of the company’s stock worth $7,076,000 after buying an additional 905 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

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.