JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Mondelez International (NASDAQ:MDLZ) Stock

Mondelez International (NASDAQ:MDLZ) had its target price increased by JPMorgan Chase & Co. from $64.00 to $74.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 10.37% from the stock’s current price.

Several other research firms also recently issued reports on MDLZ. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.50.

Mondelez International Trading Up 1.6 %

Shares of NASDAQ MDLZ opened at $67.05 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $86.73 billion, a PE ratio of 19.61, a PEG ratio of 4.34 and a beta of 0.47. The business has a 50-day moving average price of $64.38 and a two-hundred day moving average price of $64.18. Mondelez International has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter worth $30,000. Transce3nd LLC bought a new position in shares of Mondelez International during the fourth quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $31,000. Institutional investors own 78.32% of the company’s stock.

About Mondelez International

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.