Mondelez International, Inc. (NASDAQ:MDLZ) Receives $80.75 Consensus Price Target from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has earned an average rating of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Fifteen research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $80.75.

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Barclays cut their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors have recently modified their holdings of MDLZ. Murphy Middleton Hinkle & Parker Inc. lifted its stake in Mondelez International by 3.9% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares during the last quarter. Cobblestone Asset Management LLC boosted its holdings in shares of Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after acquiring an additional 138 shares in the last quarter. Graypoint LLC raised its position in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in shares of Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after purchasing an additional 138 shares during the last quarter. Finally, Rossmore Private Capital increased its stake in shares of Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $69.93 on Friday. The stock has a market cap of $94.16 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The stock has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $71.05. Mondelez International has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities analysts forecast that Mondelez International will post 3.5 EPS for the current fiscal 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.