Stifel Nicolaus Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by research analysts at Stifel Nicolaus from $76.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.15% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Piper Sandler lowered their price target on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday. 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 report on Thursday, October 2nd. Mizuho lowered their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.68.

Mondelez International Price Performance

Mondelez International stock opened at $57.78 on Wednesday. Mondelez International has a 52 week low of $53.95 and a 52 week high of $71.15. The company’s 50 day moving average price is $61.95 and its two-hundred day moving average price is $64.93. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market cap of $74.76 billion, a P/E ratio of 21.64, a P/E/G ratio of 5.34 and a beta of 0.45.

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

Institutional Investors Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Norges Bank bought a new stake in Mondelez International during the 2nd quarter valued at $1,239,834,000. Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 90.1% during 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 acquiring an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in Mondelez International during the 1st quarter valued at $866,843,000. Goldman Sachs Group Inc. raised its holdings in Mondelez International by 57.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after acquiring an additional 3,454,174 shares during the period. Finally, First Trust Advisors LP raised its holdings in Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after acquiring an additional 2,701,229 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.