JPMorgan Chase & Co. Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $75.00 to $74.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 18.48% from the stock’s current price.

A number of other research firms also recently issued reports on MDLZ. Evercore ISI lowered their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Barclays lifted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $70.84.

Mondelez International Price Performance

Mondelez International stock opened at $62.46 on Friday. Mondelez International has a 1 year low of $53.95 and a 1 year high of $71.82. The firm has a 50 day moving average price of $62.22 and a 200 day moving average price of $65.26. The company has a market cap of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.58 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion during the quarter. Sell-side analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently made changes to their positions in MDLZ. Norges Bank bought a new stake in shares of Mondelez International in the second quarter worth $1,239,834,000. Price T Rowe Associates Inc. MD increased its stake in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new position in Mondelez International in the first quarter worth $866,843,000. Goldman Sachs Group Inc. boosted its holdings in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Mondelez International by 197.9% in the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after purchasing an additional 2,701,229 shares during the period. Institutional investors 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.