Mondelez International (NASDAQ:MDLZ) Trading Down 1.1%

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) were down 1.1% on Friday . The company traded as low as $69.32 and last traded at $69.69. Approximately 2,020,460 shares were traded during trading, a decline of 74% from the average daily volume of 7,915,233 shares. The stock had previously closed at $70.50.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Citigroup lowered their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their target price 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 decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Trading Down 0.9 %

The firm has a market cap of $94.11 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.44 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 business has a fifty day moving average of $70.21 and a two-hundred day moving average of $70.91.

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

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC raised its position in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International in the fourth quarter worth $26,000. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International in the third quarter valued at $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Mondelez International during the third quarter valued at $29,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Mondelez International during the 4th quarter worth about $29,000. 78.32% of the stock is 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.