Evercore ISI Issues Pessimistic Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price target reduced by analysts at Evercore ISI from $73.00 to $72.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price suggests a potential upside of 13.64% from the company’s previous close.

MDLZ has been the subject of a number of other research reports. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.89.

Mondelez International Stock Up 1.3%

MDLZ stock opened at $63.36 on Friday. The company has a 50 day moving average price of $63.54 and a two-hundred day moving average price of $65.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $81.98 billion, a P/E ratio of 23.21, a PEG ratio of 4.79 and a beta of 0.44. Mondelez International has a one year low of $53.95 and a one year high of $75.11.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, sell-side analysts expect that Mondelez International will post 2.9 EPS for the current year.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently modified their holdings of the stock. Hemington Wealth Management lifted its position in Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after purchasing an additional 160 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Sound Income Strategies LLC grew its holdings in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after purchasing an additional 168 shares in the last quarter. Finally, Enterprise Bank & Trust Co increased its stake in Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.