Mondelez International (NASDAQ:MDLZ) PT Raised to $84.00

Mondelez International (NASDAQ:MDLZ) had its price target boosted by Bank of America from $80.00 to $84.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 16.81% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. DA Davidson lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Citigroup upped their price target on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. increased their target price on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Stock Up 0.2 %

MDLZ stock opened at $71.91 on Tuesday. Mondelez International has a fifty-two week low of $62.42 and a fifty-two week high of $77.20. The company has a market capitalization of $96.46 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The business’s 50 day moving average price is $72.48 and its two-hundred day moving average price is $69.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, analysts forecast that Mondelez International will post 3.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Institutional investors have recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International in the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International in the second quarter worth about $29,000. ESL Trust Services LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $38,000. Finally, Riverview Trust Co bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $44,000. 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.