Wells Fargo & Company Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $78.00

Mondelez International (NASDAQ:MDLZ) had its price objective trimmed by Wells Fargo & Company from $82.00 to $78.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

MDLZ has been the topic of several other research reports. Citigroup upped their price objective on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $68.51 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $72.35 and its two-hundred day moving average price is $69.79. The firm has a market capitalization of $91.52 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.97 and a beta of 0.55. Mondelez International has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, analysts anticipate that Mondelez International will post 3.49 earnings per share for the current year.

Institutional Investors Weigh In On Mondelez International

A number of large investors have recently modified their holdings of MDLZ. Kovack Advisors Inc. acquired a new stake in shares of Mondelez International in the 1st quarter valued at $237,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Mondelez International by 9.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 37,190 shares of the company’s stock valued at $2,603,000 after purchasing an additional 3,164 shares in the last quarter. Accel Wealth Management acquired a new stake in shares of Mondelez International in the 1st quarter valued at $208,000. Tempus Wealth Planning LLC boosted its holdings in shares of Mondelez International by 6.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 3,344 shares of the company’s stock valued at $234,000 after purchasing an additional 193 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Mondelez International by 0.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 106,775 shares of the company’s stock valued at $7,076,000 after purchasing an additional 905 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.