Analysts Set Mondelez International, Inc. (NASDAQ:MDLZ) Price Target at $79.35

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) have earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Seventeen research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $79.35.

A number of equities research analysts have commented on MDLZ shares. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Sanford C. Bernstein lowered their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter valued at $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the second quarter worth about $29,000. Finally, ESL Trust Services LLC bought a new stake in Mondelez International during the first quarter worth approximately $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $69.54 on Friday. Mondelez International has a one year low of $64.18 and a one year high of $77.20. The stock has a 50-day moving average of $72.51 and a 200 day moving average of $69.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a market capitalization of $93.28 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS 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 analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. On average, sell-side analysts forecast that Mondelez International will post 3.49 EPS for the current year.

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.