Mondelez International (NASDAQ:MDLZ) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mondelez International (NASDAQ:MDLZ) had its target price lifted by Piper Sandler from $74.00 to $84.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.94.

Mondelez International Trading Up 0.0 %

Shares of MDLZ stock opened at $68.51 on Wednesday. The company has a market cap of $91.52 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.97 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.50. The firm has a fifty day moving average price of $72.35 and a 200-day moving average price of $69.79. Mondelez International has a 1 year low of $64.18 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, equities analysts predict that Mondelez International will post 3.49 earnings per share for the current year.

Institutional Trading of Mondelez International

Hedge funds have recently made changes to their positions in the business. Richardson Financial Services Inc. raised its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the 2nd quarter worth about $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International in the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International in the 2nd quarter worth about $29,000. Finally, Highline Wealth Partners LLC purchased a new stake in Mondelez International in the 3rd quarter worth about $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.