Mondelez International (NASDAQ:MDLZ – Free Report) had its target price decreased by Citigroup from $80.00 to $78.00 in a research note published on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.
A number of other analysts also recently issued reports on MDLZ. Wells Fargo & Company cut their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Piper Sandler increased their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.
Get Our Latest Stock Report on MDLZ
Mondelez International Price Performance
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International will post 3.49 earnings per share for the current year.
Institutional Investors Weigh In On Mondelez International
Several hedge funds have recently modified their holdings of the company. Kovack Advisors Inc. acquired a new stake in Mondelez International in the first quarter valued at $237,000. First Trust Direct Indexing L.P. raised its holdings in Mondelez International by 9.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 37,190 shares of the company’s stock worth $2,603,000 after purchasing an additional 3,164 shares during the last quarter. Accel Wealth Management acquired a new position in shares of Mondelez International in the 1st quarter worth approximately $208,000. Tempus Wealth Planning LLC boosted its stake in shares of Mondelez International by 6.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 3,344 shares of the company’s stock valued at $234,000 after purchasing an additional 193 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in Mondelez International by 0.9% during the first quarter. Maryland State Retirement & Pension System now owns 106,775 shares of the company’s stock valued at $7,076,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds 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.
Read More
- Five stocks we like better than Mondelez International
- Most active stocks: Dollar volume vs share volume
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- Best Stocks Under $5.00
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Battle of the Retailers: Who Comes Out on Top?
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.