Mondelez International (NASDAQ:MDLZ) Price Target Cut to $62.00 by Analysts at TD Cowen

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by stock analysts at TD Cowen from $68.00 to $62.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 15.60% from the stock’s current price.

MDLZ has been the topic of several other reports. Royal Bank Of Canada reduced their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Mizuho reduced their price target on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday. DA Davidson decreased their price target on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Sanford C. Bernstein dropped their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.26.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $2.13 on Thursday, reaching $53.64. 9,260,886 shares of the stock were exchanged, compared to its average volume of 12,001,022. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The firm has a market cap of $69.21 billion, a PE ratio of 20.09 and a beta of 0.39. The firm’s 50 day moving average is $55.37 and its 200-day moving average is $61.03. Mondelez International has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. As a group, analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. SCS Capital Management LLC acquired a new position in Mondelez International in the first quarter valued at $285,000. SageView Advisory Group LLC boosted its position in Mondelez International by 5.6% during the first quarter. SageView Advisory Group LLC now owns 5,648 shares of the company’s stock valued at $383,000 after acquiring an additional 297 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in Mondelez International during the 1st quarter worth about $390,000. Finally, Focus Partners Wealth raised its position in shares of Mondelez International by 7.7% in the 1st quarter. Focus Partners Wealth now owns 1,014,130 shares of the company’s stock worth $68,809,000 after acquiring an additional 72,547 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.