Mondelez International (NASDAQ:MDLZ) Given New $64.00 Price Target at Morgan Stanley

Mondelez International (NASDAQ:MDLZ) had its target price dropped by stock analysts at Morgan Stanley from $68.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 18.72% from the company’s current price.

MDLZ has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Royal Bank Of Canada lowered their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $67.95.

Mondelez International Stock Up 0.0%

Shares of Mondelez International stock traded up $0.02 during trading hours on Thursday, reaching $53.91. 8,676,757 shares of the company’s stock were exchanged, compared to its average volume of 8,763,059. Mondelez International has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The stock has a market cap of $69.56 billion, a P/E ratio of 20.19 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $58.36 and a two-hundred day moving average of $62.84.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, sell-side analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. AlphaStar Capital Management LLC bought a new position in shares of Mondelez International during the 2nd quarter valued at about $1,336,000. GAMMA Investing LLC raised its stake in shares of Mondelez International by 43.2% in the second quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock valued at $1,769,000 after acquiring an additional 7,914 shares during the period. Ground Swell Capital LLC bought a new stake in Mondelez International in the first quarter worth about $392,000. Huntington National Bank boosted its holdings in Mondelez International by 9.3% during the 2nd quarter. Huntington National Bank now owns 248,373 shares of the company’s stock valued at $16,750,000 after acquiring an additional 21,113 shares during the period. Finally, Banque Transatlantique SA grew its holdings in shares of Mondelez International by 294.5% in the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock worth $794,000 after purchasing an additional 9,449 shares during the last quarter. Institutional investors 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.