Sanford C. Bernstein Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ) had its price objective raised by analysts at Sanford C. Bernstein from $79.00 to $88.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 36.03% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $71.95.

Mondelez International Stock Down 0.6%

Shares of Mondelez International stock opened at $64.69 on Wednesday. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $83.76 billion, a P/E ratio of 23.70, a P/E/G ratio of 4.90 and a beta of 0.48. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $67.77 and a 200 day moving average price of $65.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new position in Mondelez International in the 1st quarter worth approximately $866,843,000. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Mondelez International in the first quarter valued at approximately $189,930,000. 78.32% of the stock is currently owned by institutional investors.

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.