Mondelez International’s (MDLZ) Neutral Rating Reiterated at DA Davidson

Mondelez International (NASDAQ:MDLZ)‘s stock had its “neutral” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They presently have a $62.00 price objective on the stock. DA Davidson’s price target points to a potential upside of 8.04% from the stock’s current price.

MDLZ has been the subject of a number of other reports. Stifel Nicolaus reduced their target price on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Mondelez International in a report on Monday. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Bank of America reduced their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Down 0.6%

MDLZ stock traded down $0.34 during mid-day trading on Thursday, hitting $57.39. 6,737,510 shares of the company were exchanged, compared to its average volume of 11,291,340. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. Mondelez International has a 1-year low of $51.20 and a 1-year high of $71.15. The firm’s 50 day simple moving average is $55.50 and its 200 day simple moving average is $59.87. The firm has a market cap of $74.05 billion, a P/E ratio of 21.49 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

A number of institutional investors have recently made changes to their positions in the company. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Mondelez International during the third quarter worth $27,000. Rossby Financial LCC boosted its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares during the period. Aspect Partners LLC grew its stake in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its position in Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after acquiring an additional 282 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.