Piper Sandler Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $63.00

Mondelez International (NASDAQ:MDLZ) had its target price lowered by Piper Sandler from $67.00 to $63.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 9.03% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. UBS Group reduced their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Price Performance

Shares of MDLZ opened at $57.78 on Wednesday. The company has a market cap of $74.76 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 5.34 and a beta of 0.45. Mondelez International has a 1-year low of $53.95 and a 1-year high of $71.15. The company’s fifty day simple moving average is $61.95 and its 200 day simple moving average is $64.93. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hemington Wealth Management raised its stake in Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after acquiring an additional 156 shares during the period. Checchi Capital Advisers LLC increased 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 valued at $1,083,000 after buying an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the period. Enterprise Bank & Trust Co increased its position in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after buying an additional 170 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Mondelez International by 0.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock valued at $1,811,000 after buying an additional 172 shares during the period. Institutional investors 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.