Royal Bank Of Canada Issues Pessimistic Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price
Royal Bank of Canada has lowered its price target for Mondelez International (NASDAQ:MDLZ) from $71.00 to $67.00 while maintaining an "outperform" rating. Other analysts have also adjusted their ratings, with Berenberg Bank downgrading to "hold" and Barclays raising their target to $77.00. Currently, Mondelez has a consensus rating of "Moderate Buy" with an average price target of $69.53. The stock recently traded at $57.79, down $2.43, with a market cap of $74.77 billion and a PE ratio of 21.18.
Mondelez International (NASDAQ:MDLZ - Get Free Report) had its price objective decreased by Royal Bank Of Canada from $71.00 to $67.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 15.95% from the company's previous close.
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Other analysts have also recently issued reports about the stock. Berenberg Bank cut shares of Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Piper Sandler cut their target price on shares of Mondelez International from $67.00 to $63.00 and set a "neutral" rating for the company in a report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $69.53.
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Mondelez International Stock Performance
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NASDAQ MDLZ traded down $2.43 on Wednesday, hitting $57.79. 10,127,467 shares of the company's stock traded hands, compared to its average volume of 8,547,796. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International has a 1-year low of $53.95 and a 1-year high of $71.15. The firm's 50-day moving average price is $62.16 and its two-hundred day moving average price is $65.04. The firm has a market capitalization of $74.77 billion, a PE ratio of 21.18, a P/E/G ratio of 5.52 and a beta of 0.45.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion during the quarter. As a group, analysts expect that Mondelez International will post 2.9 EPS for the current year.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC lifted its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in Mondelez International by 10.4% in the first quarter. Ameritas Advisory Services LLC now owns 5,413 shares of the company's stock valued at $345,000 after buying an additional 510 shares during the last quarter. Mather Group LLC. lifted its position in Mondelez International by 3.9% in the first quarter. Mather Group LLC. now owns 16,609 shares of the company's stock valued at $1,127,000 after buying an additional 629 shares during the last quarter. Rovin Capital UT ADV acquired a new position in Mondelez International in the first quarter valued at about $278,000. Finally, Cidel Asset Management Inc. lifted its position in Mondelez International by 5.2% in the first quarter. Cidel Asset Management Inc. now owns 9,151 shares of the company's stock valued at $621,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
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.
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