Mondelez International (NASDAQ:MDLZ) Upgraded to “Hold” at Zacks Research

Mondelez International (NASDAQ:MDLZ) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently issued reports on MDLZ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Bank of America dropped their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wall Street Zen raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company increased their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, DA Davidson restated a “neutral” rating and set a $62.00 target price on shares of Mondelez International in a research note on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $67.06.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $59.94 on Wednesday. The company has a fifty day moving average price of $57.48 and a two-hundred day moving average price of $58.93. Mondelez International has a one year low of $51.20 and a one year high of $71.15. The stock has a market cap of $76.83 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.51 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same period in the prior year, the firm earned $0.65 EPS. Mondelez International’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. As a group, equities analysts predict that Mondelez International will post 2.9 EPS for the current year.

Insider Buying and Selling

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AlphaStar Capital Management LLC acquired a new stake in Mondelez International during the 2nd quarter worth about $1,336,000. Asset Management One Co. Ltd. boosted its position in shares of Mondelez International by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after purchasing an additional 22,194 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after purchasing an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Mondelez International by 32.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock worth $9,240,000 after purchasing an additional 36,037 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Mondelez International by 8.0% in the third quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock valued at $39,220,000 after buying an additional 46,182 shares during the period. 78.32% of the stock is owned by institutional investors.

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.