Mondelez International, Inc. (NASDAQ:MDLZ) Receives $80.31 Consensus Price Target from Analysts

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have received an average rating of “Buy” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Sixteen investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $80.31.

A number of equities research analysts recently weighed in on MDLZ shares. DA Davidson dropped their price objective on 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 raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Citigroup cut their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th.

Mondelez International Price Performance

Shares of MDLZ opened at $64.40 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a 50 day moving average price of $70.04 and a 200-day moving average price of $69.34. Mondelez International has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The stock has a market capitalization of $86.12 billion, a PE ratio of 22.84, a PEG ratio of 2.88 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Mondelez International’s revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International during the 2nd quarter worth about $27,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $27,000. Finally, Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Hedge funds and other 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.