Mondelez International (NASDAQ:MDLZ) Rating Increased to Buy at StockNews.com

Posted by Defense World Staff on Jul 22nd, 2023

Mondelez International (NASDAQ:MDLZ – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

MDLZ has been the topic of several other research reports. Mizuho increased their target price on Mondelez International from $78.00 to $86.00 in a research note on Monday, May 1st. UBS Group increased their target price on Mondelez International from $72.00 to $78.00 in a research note on Friday, April 28th. Morgan Stanley increased their target price on Mondelez International from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th. Piper Sandler increased their target price on Mondelez International from $80.00 to $83.00 in a research note on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mondelez International from $76.00 to $80.00 in a research note on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Mondelez International Trading Up 0.1 %

Shares of MDLZ opened at $73.98 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 0.66. Mondelez International has a 12-month low of $54.72 and a 12-month high of $78.59. The firm has a market capitalization of $100.75 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The stock’s fifty day simple moving average is $73.72 and its 200-day simple moving average is $70.34.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. Mondelez International had a return on equity of 15.24% and a net margin of 11.99%. The business had revenue of $9.17 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, research analysts predict that Mondelez International will post 3.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MDLZ. Retirement Group LLC bought a new position in Mondelez International in the fourth quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Mondelez International in the first quarter valued at approximately $26,000. Capital Directions Investment Advisors LLC bought a new position in Mondelez International in the fourth quarter valued at approximately $27,000. Oliver Lagore Vanvalin Investment Group grew its stake in Mondelez International by 80.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Finally, Thompson Investment Management Inc. bought a new position in Mondelez International in the first quarter valued at approximately $28,000. 79.42% of the stock is currently owned by institutional investors.

About Mondelez International

(Get Free Report)

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.