Morgan Stanley Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $71.00

Key Points

• Morgan Stanley has reduced its price target for Mondelez International from $73.00 to $71.00, while maintaining an "overweight" rating on the stock, suggesting a potential upside of 14.59%.
• Multiple analysts have adjusted their price targets for Mondelez, with a consensus target price now at $71.75 and a consensus rating of "Moderate Buy."
• Mondelez reported a 7.7% year-over-year revenue increase in its last quarterly earnings, beating expectations with earnings of $0.73 per share.

Mondelez International (NASDAQ:MDLZ - Get Free Report) had its price objective decreased by stock analysts at Morgan Stanley from $73.00 to $71.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 14.59% from the company's previous close.

Several other equities research analysts have also recently issued reports on the company. Evercore ISI cut their target price on Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Mondelez International in a research note on Saturday, September 27th. Sanford C. Bernstein raised their target price on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank lowered Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.75.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.71 during midday trading on Monday, hitting $61.96. The company had a trading volume of 1,880,305 shares, compared to its average volume of 8,638,610. Mondelez International has a twelve month low of $53.95 and a twelve month high of $72.70. 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 stock has a market cap of $80.17 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. The business's 50-day simple moving average is $62.78 and its 200-day simple moving average is $65.57.

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

Institutional Trading of Mondelez International

A number of hedge funds and other institutional investors have recently made changes to their positions in MDLZ. Norges Bank acquired a new stake in shares of Mondelez International during the second quarter worth about $1,239,834,000. Price T Rowe Associates Inc. MD increased its position in shares of Mondelez International by 90.1% during 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 purchasing an additional 13,755,181 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Mondelez International during the first quarter worth about $866,843,000. Goldman Sachs Group Inc. increased its position in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock worth $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Mondelez International in the 1st quarter valued at about $189,930,000. Institutional investors and hedge funds 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.

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