Mondelez International (NASDAQ:MDLZ) Price Target Cut to $67.00 by Analysts at Mizuho

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by investment analysts at Mizuho from $70.00 to $67.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 25.98% from the stock’s current price.

MDLZ has been the subject of several other research reports. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Barclays cut their price target 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. Evercore ISI decreased their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Royal Bank Of Canada cut their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.50.

Mondelez International Stock Up 3.3%

NASDAQ MDLZ traded up $1.68 during trading on Thursday, reaching $53.19. 6,388,808 shares of the company’s stock were exchanged, compared to its average volume of 11,402,387. The stock has a market cap of $68.63 billion, a P/E ratio of 19.93 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The company has a 50 day moving average price of $55.37 and a two-hundred day moving average price of $61.03. Mondelez International has a 1 year low of $51.20 and a 1 year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, equities research analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Trading of Mondelez International

A number of hedge funds have recently added to or reduced their stakes in MDLZ. Chesapeake Asset Management LLC raised its stake in shares of Mondelez International by 2.4% during the fourth quarter. Chesapeake Asset Management LLC now owns 11,355 shares of the company’s stock worth $611,000 after purchasing an additional 262 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in Mondelez International by 12.6% in the 4th quarter. Sovereign Financial Group Inc. now owns 6,021 shares of the company’s stock valued at $324,000 after buying an additional 676 shares during the period. Harbor Investment Advisory LLC raised its position in Mondelez International by 18.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 4,468 shares of the company’s stock worth $241,000 after buying an additional 687 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $404,000. Finally, Fragasso Financial Advisors Inc purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $249,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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.