Mondelez International (NASDAQ:MDLZ) Given New $69.00 Price Target at UBS Group

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Mondelez International (NASDAQ:MDLZ - Get Free Report) had its price objective cut by equities research analysts at UBS Group from $72.00 to $69.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 8.61% from the company's current price.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Barclays upped their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Trading Down 0.6%

MDLZ traded down $0.40 during midday trading on Thursday, hitting $63.53. The company's stock had a trading volume of 8,290,465 shares, compared to its average volume of 8,207,623. Mondelez International has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $65.35. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm has a market cap of $82.26 billion, a P/E ratio of 23.27, a PEG ratio of 4.84 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 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 company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company posted $0.86 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current year.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Kingswood Wealth Advisors LLC grew its position in shares of Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after purchasing an additional 1,013 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after purchasing an additional 8,544 shares during the period. TCW Group Inc. increased its holdings in Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after purchasing an additional 1,075 shares during the period. Canopy Partners LLC raised its holdings in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after acquiring an additional 2,876 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of Mondelez International by 58.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after purchasing an additional 4,002 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.