Mondelez International (NASDAQ:MDLZ) Stock Price Target Cut by JPMorgan Chase & Co.

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $72.00 to $71.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.86% from the stock’s previous close.

Several other research firms also recently issued reports on MDLZ. UBS Group upped their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. The Goldman Sachs Group upped their price target on shares of Mondelez International from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BTIG Research upped their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company lowered their price target on Mondelez International from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.77.

Mondelez International Stock Up 1.6%

NASDAQ MDLZ traded up $1.02 during trading on Friday, hitting $64.05. 2,231,172 shares of the company traded hands, compared to its average volume of 9,184,077. Mondelez International has a 12 month low of $51.20 and a 12 month high of $66.65. The business has a fifty day simple moving average of $61.63 and a 200 day simple moving average of $60.78. The company has a market capitalization of $81.74 billion, a P/E ratio of 23.56, a PEG ratio of 2.46 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The company had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts predict that Mondelez International will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company’s stock.

Institutional Trading of Mondelez International

Several institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC acquired a new position in Mondelez International during the second quarter worth $74,341,000. Junto Capital Management LP bought a new position in shares of Mondelez International during the second quarter valued at $53,549,000. Dimensional Fund Advisors LP lifted its holdings in shares of Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after acquiring an additional 916,235 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Mondelez International by 179.7% during the second quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company’s stock valued at $60,598,000 after acquiring an additional 673,098 shares during the period. Finally, Auto Owners Insurance Co boosted its stake in shares of Mondelez International by 5,283.0% in the 4th quarter. Auto Owners Insurance Co now owns 570,598 shares of the company’s stock valued at $30,715,000 after purchasing an additional 559,998 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.