UBS Group Issues Positive Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ - Get Free Report) had its price objective lifted by UBS Group from $69.00 to $72.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 3.14% from the company's current price.

A number of other equities analysts have also recently commented on MDLZ. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $66.00 to $78.00 in a research report on Thursday. Morgan Stanley boosted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $70.72.

Mondelez International Trading Up 0.0%

NASDAQ:MDLZ traded up $0.01 during trading hours on Thursday, reaching $69.81. The company's stock had a trading volume of 10,412,195 shares, compared to its average volume of 8,085,978. The firm has a market capitalization of $90.39 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.23 and a beta of 0.48. The firm has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $64.47. Mondelez International has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of MDLZ. Vanguard Group Inc. lifted its stake in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

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.