UBS Group Issues Pessimistic Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective cut by UBS Group from $69.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 5.42% from the company’s current price.

MDLZ has been the topic of several other reports. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Sanford C. Bernstein increased their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Finally, Morgan Stanley reduced their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $61.66 on Wednesday. The firm has a market capitalization of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 4.74 and a beta of 0.45. Mondelez International has a 1 year low of $53.95 and a 1 year high of $72.70. The business has a 50 day simple moving average of $62.41 and a 200-day simple moving average of $65.50. 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 quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts forecast that Mondelez International will post 2.9 EPS for the current year.

Institutional Trading of Mondelez International

A number of institutional investors have recently made changes to their positions in the business. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the 1st quarter worth about $26,000. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the period. Finally, Rossby Financial LCC lifted its position in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.