Mondelez International (NASDAQ:MDLZ) Trading Up 1.1%

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) shot up 1.1% on Tuesday . The stock traded as high as $70.71 and last traded at $70.71. 792,151 shares traded hands during trading, a decline of 90% from the average session volume of 7,880,057 shares. The stock had previously closed at $69.93.

Analysts Set New Price Targets

Several brokerages recently commented on MDLZ. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, April 11th. StockNews.com downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $80.75.

Mondelez International Trading Up 1.4 %

The stock has a market capitalization of $95.45 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.47 and a beta of 0.55. The stock's 50 day moving average price is $70.10 and its 200-day moving average price is $71.10. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Institutional Trading of Mondelez International

Several hedge funds have recently modified their holdings of MDLZ. Murphy Middleton Hinkle & Parker Inc. boosted its stake in Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company's stock valued at $264,000 after acquiring an additional 136 shares in the last quarter. Cobblestone Asset Management LLC lifted its position in Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company's stock valued at $361,000 after acquiring an additional 138 shares during the last quarter. Graypoint LLC boosted its stake in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company's stock valued at $890,000 after acquiring an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its position in shares of Mondelez International by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company's stock worth $1,192,000 after purchasing an additional 138 shares in the last quarter. Finally, Rossmore Private Capital lifted its holdings in shares of Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company's stock valued at $3,625,000 after purchasing an additional 139 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.