Mondelez International (NASDAQ:MDLZ) Price Target Cut to $73.00 by Analysts at Mizuho

Mondelez International (NASDAQ:MDLZ) had its price target lowered by Mizuho from $75.00 to $73.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on MDLZ. UBS Group lowered their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.39.

Mondelez International Stock Down 2.4%

Shares of Mondelez International stock opened at $60.21 on Tuesday. 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 has a 1 year low of $53.95 and a 1 year high of $71.15. The firm’s 50-day moving average is $62.16 and its two-hundred day moving average is $65.04. The stock has a market cap of $77.91 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 5.52 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued 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 company had revenue of $7.30 billion for the quarter. As a group, research analysts expect that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hemington Wealth Management raised 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 buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after buying an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the last quarter. Enterprise Bank & Trust Co raised its position 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 last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in Mondelez International by 0.6% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after buying an additional 172 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.