Mondelez International Given New $40.00 Price Target at Societe Generale (MDLZ)
Research analysts at Societe Generale raised their target price on shares of Mondelez International (NASDAQ:MDLZ) from $36.00 to $40.00 in a report released on Monday. Societe Generale’s target price indicates a potential upside of 7.01% from the company’s current price.
Mondelez International (NASDAQ:MDLZ) traded down 0.35% on Monday, hitting $37.38. The stock had a trading volume of 4,773,486 shares. Mondelez International has a one year low of $28.22 and a one year high of $38.47. The stock’s 50-day moving average is $35.6 and its 200-day moving average is $34.48. The company has a market cap of $63.227 billion and a P/E ratio of 18.83.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $8.64 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that Mondelez International will post $1.72 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of Mondelez International from $37.00 to $42.00 in a research note on Wednesday, May 14th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, May 8th. They now have a $40.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Mondelez International in a research note on Thursday, May 8th. They now have a $44.00 price target on the stock, up previously from $37.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.75.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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