Mondelez International (NASDAQ:MDLZ) Price Target Cut to $80.00

Mondelez International (NASDAQ:MDLZ) had its price target lowered by analysts at Bank of America from $82.00 to $80.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 22.47% from the stock’s previous close.

MDLZ has been the subject of several other research reports. Sanford C. Bernstein upped their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Evercore ISI dropped their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One 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 has an average rating of “Moderate Buy” and a consensus target price of $80.33.

Mondelez International Trading Down 0.9 %

NASDAQ MDLZ opened at $65.32 on Wednesday. The firm’s fifty day moving average is $68.00 and its two-hundred day moving average is $70.49. Mondelez International has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $87.62 billion, a PE ratio of 20.74, a P/E/G ratio of 2.54 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Analysts expect that Mondelez International will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Mondelez International

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after buying an additional 2,206,023 shares during the last quarter. Capital World Investors increased its position in Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mondelez International in the fourth quarter worth $1,231,413,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.