Mondelez International (NASDAQ:MDLZ) Given New $72.00 Price Target at Barclays

Mondelez International (NASDAQ:MDLZ) had its target price upped by investment analysts at Barclays from $70.00 to $72.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 12.49% from the stock’s current price.

Several other equities analysts have also weighed in on MDLZ. Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price objective (up from $70.00) on shares of Mondelez International in a research report on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company decreased their target price on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.86.

Mondelez International Stock Up 1.5%

Shares of MDLZ traded up $0.98 during midday trading on Friday, reaching $64.01. 4,311,236 shares of the stock were exchanged, compared to its average volume of 9,194,478. Mondelez International has a 12-month low of $51.20 and a 12-month high of $66.65. The firm has a 50 day simple moving average of $61.63 and a 200-day simple moving average of $60.78. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The company has a market cap of $81.69 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.46 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts forecast that Mondelez International will post 3.05 EPS for the current year.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MDLZ. Pension & Wealth Management Advisors Inc. lifted its stake in shares of Mondelez International by 2.9% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 11,782 shares of the company’s stock worth $681,000 after buying an additional 330 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in Mondelez International by 2.5% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 296,156 shares of the company’s stock valued at $17,124,000 after buying an additional 7,309 shares during the last quarter. BostonPremier Wealth LLC acquired a new position in Mondelez International in the 3rd quarter valued at $296,000. V Square Quantitative Management LLC grew its stake in Mondelez International by 15.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 12,079 shares of the company’s stock valued at $698,000 after buying an additional 1,596 shares during the last quarter. Finally, Community Trust & Investment Co. raised its holdings in Mondelez International by 1.6% in the 3rd quarter. Community Trust & Investment Co. now owns 195,269 shares of the company’s stock worth $11,290,000 after acquiring an additional 3,128 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Company Profile

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.