Brokerages Set Mondelez International, Inc. (NASDAQ:MDLZ) Price Target at $80.75

Mondelez International, Inc. (NASDAQ:MDLZ) has been assigned an average rating of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $80.75.

Several analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale boosted its position in Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in Mondelez International during the 4th quarter worth $1,650,000. Signature Estate & Investment Advisors LLC boosted its holdings in Mondelez International by 4.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Mondelez International by 1.1% in the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after purchasing an additional 62,595 shares during the last quarter. Finally, HS Management Partners LLC increased its stake in shares of Mondelez International by 8.3% in the fourth quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after purchasing an additional 128,490 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.1 %

Shares of NASDAQ MDLZ opened at $69.93 on Friday. The stock has a market capitalization of $94.16 billion, a P/E ratio of 22.20, a PEG ratio of 2.47 and a beta of 0.55. The stock’s 50 day moving average price is $70.14 and its two-hundred day moving average price is $71.05. 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 has a 52-week low of $60.75 and a 52-week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Mondelez International will post 3.5 earnings per share for the current fiscal year.

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.