Mondelez International (NASDAQ:MDLZ) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mondelez International (NASDAQ:MDLZ) had its price objective increased by analysts at Piper Sandler from $59.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 3.00% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.45.

Mondelez International Stock Performance

Shares of MDLZ opened at $65.98 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $85.35 billion, a PE ratio of 19.29, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a fifty day moving average price of $64.16 and a 200-day moving average price of $64.22.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently modified their holdings of the company. Marshall Investment Management LLC acquired a new position in Mondelez International in the 4th quarter worth about $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter valued at $31,000. 78.32% of the stock is owned by hedge funds and other 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.