DA Davidson Cuts Mondelez International (NASDAQ:MDLZ) Price Target to $62.00

Mondelez International (NASDAQ:MDLZ) had its target price reduced by investment analysts at DA Davidson from $65.00 to $62.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 10.14% from the company’s current price.

A number of other brokerages have also commented on MDLZ. Morgan Stanley dropped their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Piper Sandler cut their price target on Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Barclays decreased their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, UBS Group cut their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.37.

Mondelez International Stock Performance

MDLZ stock traded down $0.89 during trading on Monday, reaching $56.29. The company had a trading volume of 7,072,486 shares, compared to its average volume of 8,670,726. The company has a market cap of $72.84 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 5.34 and a beta of 0.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.61. Mondelez International has a twelve month low of $53.95 and a twelve month high of $71.15. The firm has a 50-day simple moving average of $61.31 and a 200-day simple moving average of $64.43.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion for the quarter. As a group, sell-side analysts expect that Mondelez International will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently modified their holdings of MDLZ. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter worth about $27,000. Rossby Financial LCC boosted its holdings in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares during the last quarter. Aspect Partners LLC grew its position in shares of Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Mondelez International in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors 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.