Mondelez International (NASDAQ:MDLZ) Given New $67.00 Price Target at Barclays

Mondelez International (NASDAQ:MDLZ) had its price objective cut by Barclays from $71.00 to $67.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Mizuho lowered their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.68.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $57.78 on Thursday. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $61.95 and a 200-day moving average price of $64.93. Mondelez International has a twelve month low of $53.95 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion during the quarter. As a group, equities research analysts predict that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Trading of Mondelez International

Large investors have recently made changes to their positions in the business. Abound Financial LLC acquired a new position in shares of Mondelez International in the 1st quarter valued at about $25,000. Soundwatch Capital LLC acquired a new position in shares of Mondelez International in the 2nd quarter valued at about $27,000. Rossby Financial LCC lifted its holdings in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after buying an additional 406 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares during the period. Finally, North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter valued at about $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.