Evercore ISI Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $72.00

Key Points

• Evercore ISI has lowered its price target for Mondelez International from $73.00 to $72.00, maintaining an "outperform" rating, indicating a potential upside of 14.16% based on the current stock price.
• Other brokerages have mixed ratings on the stock, with Jefferies upgrading to a "buy" with a price target of $78.00, while UBS reduced its target to $69.00, showcasing a range of analyst opinions.
• Mondelez reported earnings that exceeded expectations with a revenue of $8.98 billion and earnings per share of $0.73, up 7.7% year-over-year.

Mondelez International (NASDAQ:MDLZ - Get Free Report) had its target price lowered by stock analysts at Evercore ISI from $73.00 to $72.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's target price would indicate a potential upside of 14.16% from the stock's current price.

A number of other brokerages have also commented on MDLZ. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Piper Sandler upped their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays upped their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, UBS Group cut their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $71.89.

Mondelez International Trading Up 0.8%

Shares of NASDAQ MDLZ traded up $0.51 during trading on Friday, hitting $63.07. 1,924,089 shares of the company traded hands, compared to its average volume of 8,699,974. Mondelez International has a 1 year low of $53.95 and a 1 year high of $75.11. The company has a 50-day moving average price of $63.67 and a 200-day moving average price of $65.66. The firm has a market capitalization of $81.61 billion, a P/E ratio of 23.10, a P/E/G ratio of 4.87 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. 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 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm's revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts predict that Mondelez International will post 2.9 EPS for the current year.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Caldwell Trust Co purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $1,163,000. NWF Advisory Services Inc. purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $256,000. Osaic Holdings Inc. lifted its position in shares of Mondelez International by 30.1% in the 2nd quarter. Osaic Holdings Inc. now owns 284,475 shares of the company's stock valued at $19,200,000 after acquiring an additional 65,842 shares in the last quarter. Lavaca Capital LLC lifted its position in shares of Mondelez International by 29.3% in the 2nd quarter. Lavaca Capital LLC now owns 7,120 shares of the company's stock valued at $480,000 after acquiring an additional 1,614 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Mondelez International by 9.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 197,733 shares of the company's stock valued at $13,335,000 after acquiring an additional 17,088 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

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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