Sanford C. Bernstein Raises Mondelez International (NASDAQ:MDLZ) Price Target to $90.00

Mondelez International (NASDAQ:MDLZ) had its price target upped by Sanford C. Bernstein from $88.00 to $90.00 in a report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com cut shares of Mondelez International from a buy rating to a hold rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted 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. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an overweight rating for the company in a report on Friday, April 12th. Citigroup lowered their price objective on shares of Mondelez International from $87.00 to $84.00 and set a buy rating on the stock in a research note on Thursday, April 11th. Finally, Stifel Nicolaus upped their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a buy rating in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $80.75.

Mondelez International Stock Down 0.9 %

Shares of MDLZ stock opened at $69.89 on Wednesday. The company has a market capitalization of $94.11 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.77. The stock’s 50 day simple moving average is $70.29 and its 200 day simple moving average is $70.86. Mondelez International has a twelve month low of $60.75 and a twelve month high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, research analysts predict that Mondelez International will post 3.51 EPS for the current year.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Mondelez International by 5.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 448,498 shares of the company’s stock valued at $31,126,000 after purchasing an additional 22,752 shares in the last quarter. Vicus Capital bought a new stake in Mondelez International during the third quarter worth about $317,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mondelez International by 0.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 129,869 shares of the company’s stock worth $9,013,000 after buying an additional 1,136 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Mondelez International by 2.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 320,779 shares of the company’s stock valued at $22,262,000 after acquiring an additional 8,942 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Mondelez International by 31.9% in the 3rd quarter. Simon Quick Advisors LLC now owns 4,317 shares of the company’s stock worth $300,000 after acquiring an additional 1,044 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

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.