Stifel Nicolaus Boosts Mondelez International (NASDAQ:MDLZ) Price Target to $82.00

Mondelez International (NASDAQ:MDLZ) had its price target lifted by equities research analysts at Stifel Nicolaus from $75.00 to $82.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 18.45% from the company’s previous close.

A number of other research firms have also recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Piper Sandler cut their target price on Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $79.35.

Mondelez International Stock Down 1.0 %

NASDAQ MDLZ opened at $69.23 on Friday. The stock has a market cap of $92.86 billion, a PE ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.54. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The business has a 50 day moving average price of $72.54 and a two-hundred day moving average price of $69.69. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. As a group, sell-side analysts predict that Mondelez International will post 3.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the company. Axiom Advisory LLC increased its position in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the period. Cadence Bank increased its position in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the period. Evermay Wealth Management LLC increased its position in Mondelez International by 2.6% in the first quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares during the period. Sachetta LLC increased its position in Mondelez International by 14.0% in the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after buying an additional 149 shares during the period. Finally, Carnegie Investment Counsel increased its position in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.