Mondelez International (NASDAQ:MDLZ) Lowered to "Hold" Rating by Berenberg Bank

Key Points

• Mondelez International was downgraded from a "buy" rating to a "hold" rating by Berenberg Bank, with a price objective of $70.00 indicating a potential upside of 10.81% from its previous close.
• Other analysts have varied ratings, with UBS lowering their target from $72.00 to $69.00 and Sanford C. Bernstein raising it from $79.00 to $88.00, highlighting a spectrum of outlooks on the stock.
• The company reported a 7.7% year-over-year revenue increase to $8.98 billion for the last quarter, surpassing analyst estimates and indicating strong financial performance despite the recent downgrade.

Mondelez International (NASDAQ:MDLZ - Get Free Report) was downgraded by analysts at Berenberg Bank from a "buy" rating to a "hold" rating in a research report issued on Thursday,Finviz reports. They presently have a $70.00 price objective on the stock. Berenberg Bank's price target would indicate a potential upside of 10.81% from the stock's previous close.

Several other equities research analysts have also recently weighed in on MDLZ. UBS Group lowered their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein raised their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. Finally, Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.80.

Mondelez International Stock Performance

Mondelez International stock opened at $63.17 on Thursday. The company has a market cap of $81.74 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 4.73 and a beta of 0.45. Mondelez International has a twelve month low of $53.95 and a twelve month high of $72.97. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $63.10 and its 200-day moving average price is $65.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company earned $0.86 EPS. The company's revenue for the quarter 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 research analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after buying an additional 7,025 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Mondelez International by 67,660.0% in the 1st quarter. NBC Securities Inc. now owns 10,164 shares of the company's stock valued at $689,000 after purchasing an additional 10,149 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Mondelez International by 8.7% during the first quarter. Merit Financial Group LLC now owns 53,818 shares of the company's stock worth $3,652,000 after acquiring an additional 4,302 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Mondelez International by 45.7% in the first quarter. ST Germain D J Co. Inc. now owns 4,169 shares of the company's stock valued at $283,000 after purchasing an additional 1,307 shares during the period. Finally, Apella Capital LLC raised its stake in Mondelez International by 16.9% during the 1st quarter. Apella Capital LLC now owns 3,991 shares of the company's stock valued at $264,000 after acquiring an additional 577 shares during the last quarter. 78.32% of the stock is currently 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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