JPMorgan Chase & Co. Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $76.00

Mondelez International (NASDAQ:MDLZ) had its price target reduced by analysts at JPMorgan Chase & Co. from $82.00 to $76.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.96% from the company’s previous close.

MDLZ has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Price Performance

Mondelez International stock opened at $66.69 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International has a 52 week low of $60.75 and a 52 week high of $78.59. The stock has a market capitalization of $89.80 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. The stock has a fifty day moving average of $71.39 and a 200-day moving average of $70.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Mondelez International’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International will post 3.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. bought a new position in Mondelez International in the first quarter worth approximately $100,000. United Bank boosted its holdings in Mondelez International by 4.6% in the first quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after acquiring an additional 1,189 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Mondelez International by 4.0% in the first quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after acquiring an additional 1,085 shares in the last quarter. Dakota Wealth Management bought a new position in Mondelez International in the first quarter worth approximately $561,000. Finally, Covestor Ltd boosted its holdings in Mondelez International by 69.0% in the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after acquiring an additional 518 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

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.