Mondelez International’s (MDLZ) Neutral Rating Reaffirmed at DA Davidson

Mondelez International (NASDAQ:MDLZ)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $62.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 8.04% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Mizuho lowered their target price on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Royal Bank Of Canada cut their price target on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. UBS Group decreased their price objective on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Finally, Barclays dropped their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Performance

Mondelez International stock traded down $0.34 during mid-day trading on Thursday, reaching $57.39. The company had a trading volume of 6,737,510 shares, compared to its average volume of 11,291,340. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market cap of $74.05 billion, a price-to-earnings ratio of 21.49 and a beta of 0.39. The company has a 50 day moving average of $55.50 and a 200-day moving average of $59.87. Mondelez International has a 52 week low of $51.20 and a 52 week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $9.74 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. Soundwatch Capital LLC bought a new position in Mondelez International during the 2nd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International during the third quarter worth $27,000. Rossby Financial LCC grew 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 buying an additional 406 shares during the period. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares in the last quarter. Finally, High Point Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

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.