Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $72.00 at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its price objective trimmed by Wells Fargo & Company from $74.00 to $72.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently issued reports on the stock. Evercore ISI cut their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. UBS Group reduced their price objective on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Piper Sandler reduced their price objective on shares of Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.21.

Mondelez International Price Performance

Shares of MDLZ stock opened at $57.85 on Wednesday. The company has a market capitalization of $74.85 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 5.39 and a beta of 0.45. The firm has a fifty day simple moving average of $62.06 and a 200-day simple moving average of $64.98. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International has a twelve month low of $53.95 and a twelve month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.14%. Equities research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hemington Wealth Management raised its holdings in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares during the period. Checchi Capital Advisers LLC raised its holdings in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after purchasing an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 37.2% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares during the period. Enterprise Bank & Trust Co raised its holdings in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after purchasing an additional 170 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its holdings in shares of Mondelez International by 0.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after purchasing an additional 172 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.