Mondelez International, Inc. (NASDAQ:MDLZ) Given Average Recommendation of “Moderate Buy” by Analysts

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $70.55.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd.

Institutional Trading of Mondelez International

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Mondelez International in the fourth quarter worth $1,118,755,000. Price T Rowe Associates Inc. MD grew its stake in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mondelez International in the 1st quarter worth about $866,843,000. Capital Research Global Investors raised its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $256,832,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $65.87 on Wednesday. The firm has a market cap of $85.29 billion, a PE ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $66.19 and a two-hundred day simple moving average of $63.33.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Mondelez International’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities analysts anticipate that Mondelez International will post 2.9 EPS for the current year.

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.