Morgan Stanley Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $64.00

Mondelez International (NASDAQ:MDLZ) had its price objective cut by stock analysts at Morgan Stanley from $68.00 to $64.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 18.43% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company cut their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Mizuho lowered their price target on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. DA Davidson dropped their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Stifel Nicolaus decreased their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $67.95.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.04 on Thursday. The stock has a market capitalization of $69.73 billion, a P/E ratio of 20.24 and a beta of 0.39. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. Mondelez International has a 1 year low of $53.13 and a 1 year high of $71.15. The firm has a 50 day moving average of $58.02 and a 200-day moving average of $62.69.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. As a group, sell-side analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Soundwatch Capital LLC acquired a new position in Mondelez International during the second quarter valued at approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Mondelez International in the third quarter worth $27,000. Rossby Financial LCC boosted its position in shares of Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 282 shares during the period. Finally, Aspect Partners LLC increased its position in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

About Mondelez International

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.