Piper Sandler Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective dropped by stock analysts at Piper Sandler from $63.00 to $62.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential upside of 9.45% from the stock’s current price.

A number of other equities analysts have also recently issued reports on MDLZ. Wells Fargo & Company cut their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Barclays cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Bank of America lowered their price target on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $68.32.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.90 on Friday, reaching $56.65. 4,046,793 shares of the stock were exchanged, compared to its average volume of 8,668,640. The firm has a market capitalization of $73.09 billion, a PE ratio of 21.19, a PEG ratio of 5.34 and a beta of 0.42. Mondelez International has a 1-year low of $53.95 and a 1-year high of $71.15. The business has a fifty day moving average price of $60.33 and a two-hundred day moving average price of $63.83. The company has a current ratio of 0.61, a quick ratio of 0.39 and a debt-to-equity ratio of 0.65.

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

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently bought and sold shares of MDLZ. Achmea Investment Management B.V. grew its stake in shares of Mondelez International by 4.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 98,195 shares of the company’s stock valued at $6,135,000 after buying an additional 4,040 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Mondelez International by 3.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 125,818 shares of the company’s stock worth $7,860,000 after buying an additional 3,835 shares during the period. Faithward Advisors LLC boosted its holdings in Mondelez International by 76.1% in the third quarter. Faithward Advisors LLC now owns 6,472 shares of the company’s stock valued at $404,000 after acquiring an additional 2,797 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Mondelez International by 127.1% in the third quarter. Sunbelt Securities Inc. now owns 7,119 shares of the company’s stock valued at $445,000 after acquiring an additional 3,984 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Mondelez International during the third quarter valued at about $38,926,000. Hedge funds and other 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.