Sanford C. Bernstein Increases Mondelez International (NASDAQ:MDLZ) Price Target to $90.00

Mondelez International (NASDAQ:MDLZGet Free Report) had its price target raised by investment analysts at Sanford C. Bernstein from $88.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 27.66% from the company’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup reduced their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $80.75.

Read Our Latest Research Report on Mondelez International

Mondelez International Trading Down 0.3 %

NASDAQ MDLZ opened at $70.50 on Wednesday. The firm has a 50 day simple moving average of $70.29 and a 200-day simple moving average of $70.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International has a one year low of $60.75 and a one year high of $78.54. The firm has a market cap of $94.93 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.50 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International will post 3.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Institutional investors have recently modified their holdings of the business. Bogart Wealth LLC increased its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at $26,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International in the 3rd quarter valued at $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $29,000. 78.32% of the stock is owned by institutional investors and hedge funds.

About Mondelez International

(Get Free Report)

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.

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