Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $74.00 at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its price target decreased by Wells Fargo & Company from $78.00 to $74.00 in a report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on MDLZ. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Citigroup reduced their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.64.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.24 on Thursday. The company has a market cap of $84.56 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.93 and a beta of 0.53. The business’s fifty day simple moving average is $68.23 and its two-hundred day simple moving average is $68.93. Mondelez International has a 12 month low of $62.43 and a 12 month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating 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 company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the firm posted $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. Research analysts anticipate that Mondelez International will post 3.48 earnings per share for the current fiscal year.

Institutional Trading of Mondelez International

Several institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in Mondelez International during the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth about $29,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth about $38,000. Hedge funds and other 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.