Investment Analysts’ Weekly Ratings Changes for Mondelez International (MDLZ)

A number of research firms have changed their ratings and price targets for Mondelez International (NASDAQ: MDLZ):

• 10/30/2024 – Mondelez International had its price target raised by analysts at Piper Sandler from $74.00 to $84.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Mondelez International had its price target lowered by analysts at Wells Fargo & Company from $82.00 to $78.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Mondelez International had its price target lowered by analysts at Citigroup Inc. from $80.00 to $78.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Mondelez International had its price target raised by analysts at Stifel Nicolaus from $75.00 to $82.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Mondelez International had its price target lowered by analysts at Piper Sandler from $76.00 to $74.00. They now have an “overweight” rating on the stock.
• 10/22/2024 – Mondelez International is now covered by analysts at Redburn Atlantic. They set a “buy” rating and a $82.00 price target on the stock.
• 10/15/2024 – Mondelez International had its price target raised by analysts at Bank of America Co. from $80.00 to $84.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Mondelez International had its price target raised by analysts at Citigroup Inc. from $79.00 to $80.00. They now have a “buy” rating on the stock.
• 9/26/2024 – Mondelez International had its price target raised by analysts at Evercore ISI from $79.00 to $85.00. They now have an “outperform” rating on the stock.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $1.48 during trading hours on Wednesday, reaching $67.57. 495,509 shares of the company traded hands, compared to its average volume of 6,743,388. Mondelez International, Inc. has a 1-year low of $64.18 and a 1-year high of $77.20. The stock has a market cap of $90.26 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.94 and a beta of 0.55. The firm’s 50-day moving average is $72.24 and its 200-day moving average is $69.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of Mondelez International

A number of hedge funds have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the second quarter valued at about $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the 2nd quarter worth about $29,000. Finally, ESL Trust Services LLC purchased a new position in shares of Mondelez International in the 1st quarter worth about $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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.