Citigroup Raises Mondelez International (NASDAQ:MDLZ) Price Target to $80.00

Mondelez International (NASDAQ:MDLZ) had its target price boosted by stock analysts at Citigroup from $79.00 to $80.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 12.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. DA Davidson reduced 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 note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.41.

Mondelez International Trading Up 0.3 %

MDLZ traded up $0.20 during trading hours on Wednesday, reaching $71.05. The company’s stock had a trading volume of 4,317,068 shares, compared to its average volume of 6,851,715. The business’s 50-day moving average is $72.22 and its 200-day moving average is $69.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a market cap of $95.30 billion, a PE ratio of 22.56, a P/E/G ratio of 3.02 and a beta of 0.54. Mondelez International has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts predict that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Seven Eight Capital LP acquired a new stake in Mondelez International during the 4th quarter worth $433,000. Verition Fund Management LLC boosted its position in shares of Mondelez International by 55.5% in the 4th quarter. Verition Fund Management LLC now owns 93,885 shares of the company’s stock valued at $6,800,000 after purchasing an additional 33,495 shares during the period. Vivaldi Capital Management LP purchased a new position in Mondelez International during the 4th quarter worth approximately $220,000. Pitcairn Co. increased its position in Mondelez International by 6.5% during the fourth quarter. Pitcairn Co. now owns 45,776 shares of the company’s stock worth $3,316,000 after buying an additional 2,792 shares during the period. Finally, Comerica Bank lifted its stake in Mondelez International by 1.2% in the fourth quarter. Comerica Bank now owns 592,116 shares of the company’s stock valued at $42,887,000 after buying an additional 6,925 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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.