Zacks Research Upgrades Mondelez International (NASDAQ:MDLZ) to Hold

Mondelez International (NASDAQ:MDLZ) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently weighed in on MDLZ. Royal Bank Of Canada lowered their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus reduced their price target on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Bank of America cut their target price on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Piper Sandler lifted their price target on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Barclays dropped their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.06.

Mondelez International Stock Performance

MDLZ opened at $59.94 on Wednesday. The firm has a fifty day moving average price of $57.48 and a 200 day moving average price of $58.93. Mondelez International has a 1 year low of $51.20 and a 1 year high of $71.15. The stock has a market cap of $76.83 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.51 and a beta of 0.38. 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 (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Equities research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current year.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction dated 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 $6,174,952. This represents a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently bought and sold shares of MDLZ. SG Trading Solutions LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $348,000. Pacer Advisors Inc. raised its position in shares of Mondelez International by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 228,918 shares of the company’s stock worth $12,323,000 after buying an additional 32,499 shares during the period. Virtu Financial LLC boosted its holdings in Mondelez International by 14.1% in the fourth quarter. Virtu Financial LLC now owns 32,501 shares of the company’s stock valued at $1,750,000 after acquiring an additional 4,020 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $31,000. Finally, Cambient Family Office LLC acquired a new stake in Mondelez International during the fourth quarter worth about $339,000. Hedge funds and other 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.