Mondelez International (NASDAQ:MDLZ) Stock Price Down 0.6%

Shares of Mondelez International, Inc. (NASDAQ:MDLZ) fell 0.6% on Wednesday . The stock traded as low as $70.38 and last traded at $70.47. 1,012,378 shares changed hands during trading, a decline of 87% from the average session volume of 7,842,223 shares. The stock had previously closed at $70.89.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Price Performance

The stock has a market capitalization of $94.83 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55. The business has a 50-day simple moving average of $70.10 and a two-hundred day simple moving average of $71.10. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Mondelez International by 17.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,406,521 shares of the company’s stock worth $97,613,000 after purchasing an additional 210,870 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Mondelez International by 46.6% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 98,816 shares of the company’s stock valued at $6,858,000 after acquiring an additional 31,400 shares during the period. Whittier Trust Co. lifted its position in shares of Mondelez International by 0.5% in the 3rd quarter. Whittier Trust Co. now owns 293,633 shares of the company’s stock valued at $20,378,000 after acquiring an additional 1,467 shares in the last quarter. TD Asset Management Inc boosted its stake in Mondelez International by 51.8% in the 3rd quarter. TD Asset Management Inc now owns 1,310,479 shares of the company’s stock worth $90,947,000 after purchasing an additional 446,966 shares during the period. Finally, TIAA Trust National Association acquired a new position in Mondelez International in the 3rd quarter worth approximately $18,383,000. Institutional investors 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.