JPMorgan Chase & Co. Initiates Coverage on Mondelez International (NASDAQ:MDLZ)

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Mondelez International (NASDAQ:MDLZ) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $75.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.16% from the company’s current price.

MDLZ has been the subject of several other research reports. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Piper Sandler raised their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. DA Davidson downgraded shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Mondelez International Stock Performance

Mondelez International stock opened at $62.94 on Wednesday. The business has a 50 day moving average of $66.41 and a 200-day moving average of $65.70. The company has a market capitalization of $81.44 billion, a P/E ratio of 23.05, a P/E/G ratio of 4.77 and a beta of 0.46. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter valued at about $26,000. Soundwatch Capital LLC acquired a new position in Mondelez International during the 2nd quarter valued at about $27,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Finally, Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $30,000. 78.32% of the stock is 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.