Mondelez International (NASDAQ:MDLZ) Price Target Cut to $69.00 by Analysts at UBS Group

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Mondelez International (NASDAQ:MDLZ - Get Free Report) had its target price lowered by analysts at UBS Group from $72.00 to $69.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 6.09% from the stock's current price.

MDLZ has been the topic of a number of other reports. Evercore ISI boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday. Piper Sandler raised their target price on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday. Jefferies Financial Group upgraded shares of 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 research report on Thursday, July 17th. Finally, Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Stock Down 0.1%

Shares of Mondelez International stock traded down $0.06 during trading hours on Thursday, hitting $65.04. The company had a trading volume of 2,173,832 shares, compared to its average volume of 9,044,418. The company's 50-day moving average is $67.79 and its two-hundred day moving average is $65.14. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The company has a market cap of $84.21 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48.

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 for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.25% and a net margin of 9.84%. The company's 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. Analysts anticipate that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MDLZ. Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after acquiring an additional 8,544 shares during the last quarter. TCW Group Inc. raised its position in shares of Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock worth $6,679,000 after acquiring an additional 1,075 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after acquiring an additional 4,002 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its position in Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock valued at $38,920,000 after purchasing an additional 8,456 shares during the period. 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.

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