Mondelez International Inc. (NASDAQ:MDLZ)’s share price dropped 2.4% on Thursday . The stock traded as low as $43.71 and last traded at $43.95, with a volume of 14,770,506 shares trading hands. The stock had previously closed at $45.02.

MDLZ has been the topic of several research analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Mondelez International in a research note on Friday, June 3rd. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Susquehanna reiterated a “neutral” rating on shares of Mondelez International in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $47.37.

The company has a 50-day moving average of $43.89 and a 200 day moving average of $43.12. The stock has a market capitalization of $68.37 billion and a P/E ratio of 9.31.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts expect that Mondelez International Inc. will post $1.84 earnings per share for the current year.

Other hedge funds recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Mondelez International by 0.3% in the fourth quarter. US Bancorp DE now owns 997,901 shares of the company’s stock valued at $44,746,000 after buying an additional 3,452 shares during the period. Ameriprise Financial Inc. increased its stake in Mondelez International by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,073,660 shares of the company’s stock valued at $48,200,000 after buying an additional 64,673 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Mondelez International by 2.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,312,839 shares of the company’s stock valued at $193,388,000 after buying an additional 103,013 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Mondelez International by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,027,731 shares of the company’s stock valued at $494,514,000 after buying an additional 1,001,095 shares during the period.

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

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