Mondelez International (NASDAQ:MDLZ) Now Covered by Redburn Atlantic

Research analysts at Redburn Atlantic began coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $82.00 price target on the stock. Redburn Atlantic’s target price would indicate a potential upside of 16.21% from the stock’s previous close.

Several other research firms have also commented on MDLZ. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Piper Sandler lowered their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Evercore ISI boosted their price objective 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. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $70.56 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International has a 1-year low of $64.16 and a 1-year high of $77.20. The firm has a market capitalization of $94.65 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.87 and a beta of 0.54. The business’s 50-day simple moving average is $72.56 and its 200-day simple moving average is $69.67.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts predict that Mondelez International will post 3.5 EPS for the current year.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the second quarter worth about $29,000. ESL Trust Services LLC acquired a new stake in Mondelez International in the 1st quarter valued at about $38,000. Finally, Riverview Trust Co bought a new position in shares of Mondelez International during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.