Mondelez International (NASDAQ:MDLZ) Stock Gets Price Target Bump from Barclays

Key Points

• Barclays raised Mondelez International’s price target to $72 from $70 while maintaining an “overweight” rating, implying 12.49% upside from the prior close.
• Analyst sentiment remains positive, with 17 “Buy” ratings and 10 “Hold” ratings; the consensus rating is “Moderate Buy” with an average price target of $68.86.
• Mondelez reported quarterly earnings of $0.73 per share, beating estimates by $0.05, while revenue reached $9.36 billion and increased 4.1% year over year.

Mondelez International (NASDAQ:MDLZ - Get Free Report) had its target price hoisted by equities research analysts at Barclays from $70.00 to $72.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 12.49% from the stock's previous close.

Several other research firms also recently weighed in on MDLZ. TD Cowen lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. BNP Paribas Exane boosted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a $73.00 price target (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Piper Sandler upped their price target on shares of Mondelez International from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $72.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $68.86.

Mondelez International Trading Up 1.5%

Shares of Mondelez International stock traded up $0.98 on Friday, reaching $64.01. 4,311,236 shares of the company were exchanged, compared to its average volume of 9,194,478. Mondelez International has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The firm has a market capitalization of $81.69 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.46 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $61.63 and a 200-day moving average price of $60.78.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. Mondelez International's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, analysts expect that Mondelez International will post 3.05 EPS for the current year.

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Mondelez International

Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Miller Global Investments LLC purchased a new position in Mondelez International during the third quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH purchased a new stake in Mondelez International in the 3rd quarter worth approximately $28,000. MV Capital Management Inc. acquired a new stake in shares of Mondelez International during the 4th quarter valued at $31,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Mondelez International during the 4th quarter valued at $33,000. Finally, Ballast Advisors LLC acquired a new stake in shares of Mondelez International during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

About Mondelez International

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.

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