Mondelez International (NASDAQ:MDLZ) Given New $73.00 Price Target at Sanford C. Bernstein

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by investment analysts at Sanford C. Bernstein from $75.00 to $73.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 21.26% from the company’s previous close.

A number of other equities analysts have also recently commented on MDLZ. Stifel Nicolaus reduced their target price on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Mizuho decreased their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, TD Cowen lowered their target price on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.06.

Mondelez International Price Performance

MDLZ stock traded up $0.34 during mid-day trading on Wednesday, reaching $60.20. 4,401,689 shares of the company’s stock were exchanged, compared to its average volume of 11,812,036. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. Mondelez International has a 12-month low of $51.20 and a 12-month high of $71.15. The stock’s 50 day moving average is $56.67 and its 200 day moving average is $59.01. The company has a market cap of $77.17 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, research analysts expect that Mondelez International will post 2.9 EPS for the current year.

Insider Activity at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. Brighton Jones LLC grew its position in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares in the last quarter. United Bank raised its holdings in shares of Mondelez International by 13.2% in the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after purchasing an additional 3,070 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Mondelez International by 30.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 11,174 shares of the company’s stock worth $784,000 after purchasing an additional 2,599 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Mondelez International by 8.9% during the second quarter. Stephens Inc. AR now owns 29,434 shares of the company’s stock worth $1,985,000 after purchasing an additional 2,399 shares in the last quarter. Finally, Phoenix Financial Ltd. purchased a new position in Mondelez International in the second quarter valued at $200,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.