Analysts Set Mondelez International, Inc. (NASDAQ:MDLZ) PT at $79.35

Mondelez International, Inc. (NASDAQ:MDLZ) has been given a consensus rating of “Buy” by the seventeen research firms that are presently covering the firm, Marketbeat reports. Seventeen analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $79.94.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Sanford C. Bernstein lowered their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Citigroup lowered their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory bought a new stake in Mondelez International during the 2nd quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at approximately $29,000. Finally, ESL Trust Services LLC bought a new stake in Mondelez International during the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.0 %

Shares of Mondelez International stock opened at $68.51 on Friday. The stock’s fifty day moving average is $72.35 and its 200-day moving average is $69.76. The firm has a market capitalization of $91.52 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Equities analysts anticipate that Mondelez International will post 3.49 earnings per share for the current year.

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.