Mondelez International (NASDAQ:MDLZ – Get Free Report) had its price objective upped by investment analysts at Piper Sandler from $76.00 to $78.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 14.07% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Barclays decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.22.
Check Out Our Latest Report on MDLZ
Mondelez International Stock Up 2.0 %
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the company earned $0.76 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Mondelez International will post 3.48 earnings per share for the current year.
Institutional Investors Weigh In On Mondelez International
Institutional investors have recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after buying an additional 136 shares in the last quarter. Graypoint LLC lifted its holdings in Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after buying an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in Mondelez International by 0.8% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after buying an additional 138 shares in the last quarter. Rossmore Private Capital lifted its holdings in Mondelez International by 0.3% during the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after buying an additional 139 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Institutional investors 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.
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