JPMorgan Chase & Co. Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $71.00 to $69.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 19.77% from the company’s current price.

Other research analysts have also issued research reports about the stock. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Mizuho reduced their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $57.61 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International has a one year low of $51.20 and a one year high of $71.15. The business’s 50-day moving average price is $55.31 and its two-hundred day moving average price is $60.18. The company has a market capitalization of $74.34 billion, a P/E ratio of 21.58 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). The firm had revenue of $9.74 billion for the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Analysts anticipate that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

Large investors have recently bought and sold shares of the stock. Soundwatch Capital LLC bought a new position in shares of Mondelez International during the 2nd quarter worth about $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Mondelez International during the third quarter worth about $27,000. Rossby Financial LCC increased its stake in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares during the period. Richardson Financial Services Inc. increased its stake 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 acquiring an additional 282 shares during the period. Finally, Aspect Partners LLC raised its holdings in 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 acquiring an additional 305 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

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.