Mondelez International (NASDAQ:MDLZ) Price Target Lowered to $62.00 at Wells Fargo & Company

Mondelez International (NASDAQ:MDLZ) had its price target decreased by analysts at Wells Fargo & Company from $72.00 to $62.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 15.79% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Barclays decreased their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. UBS Group cut their price target on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Sanford C. Bernstein decreased their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Evercore ISI lowered their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.05.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.10 during midday trading on Monday, hitting $53.55. The company had a trading volume of 9,244,913 shares, compared to its average volume of 9,798,635. Mondelez International has a 12-month low of $52.79 and a 12-month high of $71.15. The company has a fifty day moving average of $55.81 and a two-hundred day moving average of $61.30. The company has a market cap of $69.09 billion, a price-to-earnings ratio of 20.04 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion during the quarter. On average, equities research analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of MDLZ. Soundwatch Capital LLC purchased a new stake in Mondelez International in the second quarter valued at approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Mondelez International during the 3rd quarter worth $27,000. Rossby Financial LCC increased its holdings in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 282 shares during the period. Finally, Aspect Partners LLC boosted its holdings in Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.