Mondelez International (NASDAQ:MDLZ) PT Lowered to $70.00

Mondelez International (NASDAQ:MDLZGet Rating) had its target price dropped by equities research analysts at Morgan Stanley from $73.00 to $70.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 9.94% from the company’s current price.

MDLZ has been the topic of several other research reports. BMO Capital Markets boosted their price objective on Mondelez International from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $70.00 to $73.00 in a research report on Thursday, January 20th. Jefferies Financial Group raised their price objective on Mondelez International from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, January 5th. Barclays dropped their target price on Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Finally, Mizuho assumed coverage on shares of Mondelez International in a research note on Wednesday, January 26th. They issued a “buy” rating and a $77.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $72.42.

NASDAQ MDLZ opened at $63.67 on Wednesday. Mondelez International has a 1 year low of $57.63 and a 1 year high of $69.47. The business’s fifty day moving average is $63.78 and its two-hundred day moving average is $63.27. The stock has a market capitalization of $88.82 billion, a P/E ratio of 20.94, a P/E/G ratio of 3.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.54 and a current ratio of 0.74.

Mondelez International (NASDAQ:MDLZGet Rating) last issued its earnings results on Thursday, January 27th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Mondelez International had a return on equity of 14.58% and a net margin of 14.97%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that Mondelez International will post 3.03 earnings per share for the current year.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of Mondelez International stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $65.09, for a total transaction of $1,724,885.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Bivin & Associates Inc. bought a new position in Mondelez International in the fourth quarter valued at about $25,000. FSB Premier Wealth Management Inc. bought a new position in shares of Mondelez International in the 4th quarter worth $27,000. Bell Investment Advisors Inc increased its holdings in Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Sierra Capital LLC raised its holdings in Mondelez International by 1,151.4% during the 4th quarter. Sierra Capital LLC now owns 438 shares of the company’s stock worth $29,000 after buying an additional 403 shares during the period. Finally, Rather & Kittrell Inc. bought a new position in Mondelez International in the fourth quarter valued at approximately $29,000. 76.42% of the stock is owned by institutional investors and hedge funds.

About Mondelez International (Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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