Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) Price Target at $80.31

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have been given an average recommendation of “Buy” by the fifteen ratings firms that are covering the firm, MarketBeat reports. Fifteen analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $80.13.

Several research analysts recently commented on MDLZ shares. Wells Fargo & Company reduced their price objective on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Redburn Atlantic started 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. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th.

Mondelez International Stock Performance

MDLZ opened at $64.88 on Wednesday. The company has a market cap of $86.76 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.91 and a beta of 0.55. The firm’s fifty day simple moving average is $69.62 and its two-hundred day simple moving average is $69.24. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International has a 52-week low of $63.40 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the firm posted $0.82 EPS. Mondelez International’s revenue was up 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 fiscal year.

Institutional Trading of Mondelez International

Several institutional investors have recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in Mondelez International during the second quarter worth about $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $27,000. Finally, Richardson Financial Services Inc. boosted its stake 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 purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.