Mondelez International, Inc. (NASDAQ:MDLZ) Receives Average Recommendation of “Buy” from Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has been given an average recommendation of “Buy” by the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Sixteen equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $80.31.

MDLZ has been the topic of several research reports. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. 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 price target for the company. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Finally, 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.

Institutional Trading of Mondelez International

Several institutional investors have recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter worth $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter worth $27,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $63.87 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $85.41 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.91 and a beta of 0.55. The stock has a fifty day simple moving average of $70.65 and a two-hundred day simple moving average of $69.45. Mondelez International has a twelve month low of $63.40 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Mondelez International will post 3.48 EPS for the current fiscal year.

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.