Wells Fargo & Company Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Key Points

• Wells Fargo lowered Mondelez’s price target from $70 to $65 while maintaining an “overweight” rating, implying 12.13% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average target price of $66.61; recent targets from other firms range from $70 to $73.
• Mondelez beat quarterly expectations, reporting $0.73 EPS versus $0.68 expected and $9.36 billion in revenue, up 4.1% year over year. The stock recently traded at $57.97, while CEO Dirk Van de Put sold shares under a pre-arranged trading plan.

Mondelez International (NASDAQ:MDLZ - Get Free Report) had its price target lowered by stock analysts at Wells Fargo & Company from $70.00 to $65.00 in a report released on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 12.13% from the stock's previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reissued a "buy" rating and issued a $73.00 price target on shares of Mondelez International in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Barclays increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.61.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.22 on Monday, reaching $57.97. 536,069 shares of the company's stock traded hands, compared to its average volume of 9,270,921. The stock has a market cap of $73.98 billion, a PE ratio of 21.35, a P/E/G ratio of 2.27 and a beta of 0.38. Mondelez International has a 12 month low of $51.20 and a 12 month high of $66.65. The stock has a 50-day simple moving average of $61.94 and a 200 day simple moving average of $60.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.

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

Insider Activity at Mondelez International

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

Institutional Trading of Mondelez International

Large investors have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in Mondelez International by 12.5% in the 4th quarter. Deutsche Bank AG now owns 14,353,633 shares of the company's stock worth $772,656,000 after buying an additional 1,589,713 shares during the period. Nuveen LLC increased its stake in shares of Mondelez International by 2.7% during the fourth quarter. Nuveen LLC now owns 11,963,099 shares of the company's stock valued at $643,974,000 after buying an additional 319,422 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock valued at $543,900,000 after buying an additional 916,235 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company's stock valued at $489,299,000 after acquiring an additional 3,803,776 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mondelez International by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company's stock valued at $487,522,000 after acquiring an additional 106,636 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Company Profile

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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