TD Cowen Issues Pessimistic Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price target lowered by analysts at TD Cowen from $68.00 to $62.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price suggests a potential upside of 15.60% from the stock’s current price.

MDLZ has been the subject of several other reports. Mizuho decreased their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays reduced their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Evercore ISI lowered their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Stifel Nicolaus cut their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Finally, UBS Group reduced their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.26.

Mondelez International Stock Up 4.1%

Shares of Mondelez International stock traded up $2.13 on Thursday, hitting $53.64. The company had a trading volume of 9,260,886 shares, compared to its average volume of 12,001,022. The stock has a 50-day moving average of $55.37 and a 200-day moving average of $61.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International has a twelve month low of $51.20 and a twelve month high of $71.15. The firm has a market capitalization of $69.21 billion, a P/E ratio of 20.09 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Research analysts predict that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Trading of Mondelez International

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Mondelez International during the second quarter worth approximately $1,239,834,000. JPMorgan Chase & Co. grew its holdings in Mondelez International by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares in the last quarter. Capital International Investors lifted its holdings in shares of Mondelez International by 9.7% during the third quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock worth $4,907,892,000 after buying an additional 6,958,868 shares in the last quarter. First Trust Advisors LP raised its stake in Mondelez International by 197.9% in the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after purchasing an additional 2,701,229 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Mondelez International by 103.2% in the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock valued at $324,363,000 after purchasing an additional 2,637,287 shares during the period. 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.