Mizuho Lowers Mondelez International (NASDAQ:MDLZ) Price Target to $67.00

Mondelez International (NASDAQ:MDLZ) had its target price lowered by equities research analysts at Mizuho from $70.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 21.62% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Morgan Stanley lowered their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Berenberg Bank lowered 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. Piper Sandler decreased their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Sanford C. Bernstein lowered their price target on Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.26.

Mondelez International Stock Up 2.0%

Shares of NASDAQ MDLZ opened at $55.09 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company has a market cap of $71.09 billion, a P/E ratio of 20.63 and a beta of 0.39. Mondelez International has a 52 week low of $51.20 and a 52 week high of $71.15. The business has a 50-day simple moving average of $55.25 and a two-hundred day simple moving average of $60.89.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion for the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Research analysts anticipate that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Trading of Mondelez International

A number of hedge funds have recently bought and sold shares of MDLZ. Soundwatch Capital LLC purchased a new position in shares of Mondelez International during the second quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in Mondelez International in the 3rd quarter worth $27,000. Rossby Financial LCC lifted its stake in Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC lifted its stake in Mondelez International by 180.5% in the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in Mondelez International by 141.0% during the third 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. Institutional investors own 78.32% of the company’s stock.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.