Mondelez International (NASDAQ:MDLZ) Price Target Cut to $74.00

Mondelez International (NASDAQ:MDLZ) had its price target reduced by Piper Sandler from $76.00 to $74.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 3.71% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays decreased their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Mondelez International Stock Performance

Mondelez International stock opened at $71.35 on Wednesday. The business has a 50 day moving average of $72.57 and a 200-day moving average of $69.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International has a 1 year low of $63.66 and a 1 year high of $77.20. The company has a market capitalization of $95.71 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, equities research analysts predict that Mondelez International will post 3.5 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 MDLZ. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the second quarter worth approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the second quarter valued at about $29,000. ESL Trust Services LLC bought a new stake in shares of Mondelez International during the first quarter worth about $38,000. Finally, Albion Financial Group UT bought a new stake in shares of Mondelez International during the first quarter worth about $44,000. 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.