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

Mondelez International (NASDAQ:MDLZ) had its price target decreased by Barclays from $84.00 to $80.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 19.96% from the stock’s previous close.

Several other brokerages also recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft increased their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus increased their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Price Performance

NASDAQ MDLZ opened at $66.69 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock’s fifty day moving average price is $71.39 and its 200 day moving average price is $70.54. Mondelez International has a 1 year low of $60.75 and a 1 year high of $78.59. The company has a market cap of $89.80 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.32 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International will post 3.52 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $2,636,897,000 after buying an additional 1,686,229 shares during the last quarter. Capital Research Global Investors boosted its holdings in Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after buying an additional 23,368,990 shares during the last quarter. Morgan Stanley boosted its holdings in Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after buying an additional 4,663,166 shares during the last quarter. Finally, Capital World Investors lifted its stake in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.