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

Mondelez International (NASDAQ:MDLZ) had its price target lowered by research analysts at JPMorgan Chase & Co. from $74.00 to $71.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.88% from the company’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Piper Sandler dropped their price target on Mondelez International from $67.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday. Sanford C. Bernstein dropped their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Stock Down 0.1%

Mondelez International stock opened at $57.78 on Wednesday. The stock has a market capitalization of $74.76 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. Mondelez International has a 12 month low of $53.95 and a 12 month high of $71.15. The business has a 50 day simple moving average of $61.95 and a 200-day simple moving average of $64.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. On average, analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Trading of Mondelez International

Several large investors have recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in shares of Mondelez International in the 2nd quarter valued at $1,239,834,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. lifted its stake in shares of Mondelez International by 57.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Mondelez International by 197.9% in the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after purchasing an additional 2,701,229 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other 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.