Mondelez International (NASDAQ:MDLZ) Trading Down 0.4%

Mondelez International, Inc. (NASDAQ:MDLZ) shares fell 0.4% on Monday . The stock traded as low as $69.48 and last traded at $69.62. 1,207,792 shares traded hands during trading, a decline of 85% from the average session volume of 7,910,252 shares. The stock had previously closed at $69.89.

Analyst Ratings Changes

A number of equities analysts have weighed in on MDLZ shares. Stifel Nicolaus lifted their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Citigroup reduced their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.75.

Mondelez International Stock Performance

The firm has a market cap of $94.83 billion, a PE ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55. The firm has a 50-day moving average price of $70.10 and a two-hundred day moving average price 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, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter last year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its position in Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International during the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the fourth quarter worth approximately $29,000. Carmel Capital Partners LLC acquired a new stake in Mondelez International during the third quarter worth $28,000. Finally, First Command Advisory Services Inc. acquired a new stake in Mondelez International during the third quarter worth $29,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

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.