Mondelez International (NASDAQ:MDLZ) Trading Down 0.1%

Mondelez International, Inc. (NASDAQ:MDLZ) shares dropped 0.1% during mid-day trading on Thursday . The company traded as low as $69.96 and last traded at $70.37. Approximately 760,517 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 7,825,515 shares. The stock had previously closed at $70.43.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. cut their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Barclays lowered their target price 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. Sanford C. Bernstein increased their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Trading Down 0.3 %

The firm has a market capitalization of $94.52 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.47 and a beta of 0.55. The business has a 50-day moving average of $70.04 and a two-hundred day 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 released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.89 earnings per share. Research analysts predict that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Institutional Trading of Mondelez International

Institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC grew its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International in the 4th quarter valued at $26,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International in the 3rd quarter valued at $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

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.