Piper Sandler Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $62.00

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by Piper Sandler from $63.00 to $62.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 8.77% from the stock’s current price.

MDLZ has been the topic of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Sanford C. Bernstein lowered their target price 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, October 29th. Wells Fargo & Company cut their price target on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Mizuho reduced their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $68.32.

Mondelez International Stock Up 2.2%

Mondelez International stock opened at $57.00 on Friday. The firm has a 50 day simple moving average of $60.23 and a 200 day simple moving average of $63.73. 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 has a 1-year low of $53.95 and a 1-year high of $71.15. The firm has a market capitalization of $73.55 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 firm had revenue of $7.30 billion during the quarter. On average, analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Soundwatch Capital LLC purchased a new position in shares of Mondelez International in the 2nd quarter worth about $27,000. Rossby Financial LCC lifted its position in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after buying an additional 282 shares in the last quarter. Aspect Partners LLC grew its position in Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in Mondelez International during the third quarter valued at approximately $32,000. 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.