Mondelez International, Inc. (NASDAQ:MDLZ) Receives $79.35 Consensus PT from Brokerages

Mondelez International, Inc. (NASDAQ:MDLZ) has earned an average rating of “Buy” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Seventeen research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.35.

MDLZ has been the topic of several recent analyst reports. DA Davidson reduced their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler cut their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock.

Mondelez International Trading Up 0.4 %

Shares of MDLZ opened at $69.54 on Friday. The company’s fifty day simple moving average is $72.51 and its 200-day simple moving average is $69.73. The company has a market cap of $93.28 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.98 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International has a twelve month low of $64.18 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that Mondelez International will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.