Mondelez International (NASDAQ:MDLZ) Now Covered by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed an "overweight" rating for Mondelez International, setting a new price target of $75.00, a decrease from the previous $78.00.
• Fourteen research analysts currently rate Mondelez International with a consensus rating of "Moderate Buy" and an average price target of $72.00.
• Mondelez International reported a quarterly EPS of $0.73, exceeding estimates and reflecting a year-over-year revenue increase of 7.7% to $8.98 billion.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Mondelez International (NASDAQ:MDLZ - Get Free Report) in a report released on Wednesday, Marketbeat reports. The brokerage set an "overweight" rating and a $75.00 price target on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 18.22% from the stock's current price.

Several other research analysts also recently commented on the company. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Fourteen equities 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.78 during trading hours on Wednesday, hitting $63.44. 879,555 shares of the stock were exchanged, compared to its average volume of 8,938,651. Mondelez International has a one year low of $53.95 and a one year high of $76.06. The company's 50 day moving average is $66.59 and its 200 day moving average is $65.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market capitalization of $82.09 billion, a P/E ratio of 23.27, a P/E/G ratio of 4.67 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts expect that Mondelez International will post 2.9 EPS for the current year.

Institutional Investors Weigh In On Mondelez International

A number of hedge funds have recently made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the 1st quarter worth approximately $26,000. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter valued at $27,000. Transce3nd LLC bought a new position in Mondelez International in the 4th quarter valued at $30,000. Finally, Orion Capital Management LLC acquired a new position in Mondelez International in the fourth quarter worth $30,000. Institutional investors and hedge funds own 78.32% of the company's stock.

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.