Citigroup Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $78.00

Mondelez International (NASDAQ:MDLZ) had its price objective dropped by stock analysts at Citigroup from $80.00 to $78.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 13.90% from the stock’s current price.

Other analysts also recently issued reports about the company. Piper Sandler raised their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. DA Davidson dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.94.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $68.48 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $72.40 and a two-hundred day moving average price of $69.74. Mondelez International has a 1-year low of $64.18 and a 1-year high of $77.20. The company has a market cap of $91.48 billion, a P/E ratio of 23.53, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the business posted $0.82 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Mondelez International

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

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.