Mondelez International (NASDAQ:MDLZ) PT Raised to $85.00 at Evercore ISI

Mondelez International (NASDAQ:MDLZ) had its target price raised by analysts at Evercore ISI from $79.00 to $85.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 14.56% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. TD Cowen lowered their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.20 on Thursday. The firm has a market cap of $99.12 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $71.31 and its 200-day moving average is $69.54. Mondelez International has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Mondelez International will post 3.49 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Mondelez International in the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

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.