Bank of America Issues Positive Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price
by Kim Johansen · The Markets DailyMondelez International (NASDAQ:MDLZ – Get Free Report) had its price target hoisted by equities research analysts at Bank of America from $62.00 to $65.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 9.85% from the stock’s current price.
Several other equities research analysts also recently commented on the company. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Morgan Stanley lifted their price objective on Mondelez International from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group reduced their price objective on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Sanford C. Bernstein reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.28.
View Our Latest Analysis on MDLZ
Mondelez International Stock Up 0.1%
Shares of MDLZ traded up $0.08 during trading hours on Friday, hitting $59.17. The company had a trading volume of 2,566,458 shares, compared to its average volume of 10,855,354. The firm has a fifty day moving average price of $58.68 and a 200-day moving average price of $58.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. The stock has a market capitalization of $75.85 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.50 and a beta of 0.37. Mondelez International has a 52-week low of $51.20 and a 52-week high of $71.15.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The firm had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.32 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Mondelez International’s quarterly revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities research analysts forecast that Mondelez International will post 2.9 EPS for the current fiscal year.
Insider Activity
In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at $6,174,952. The trade was a 2.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Mondelez International
Large investors have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International during the 3rd quarter valued at about $27,000. J.Safra Asset Management Corp purchased a new position in shares of Mondelez International during the 4th quarter valued at about $25,000. Advocate Investing Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 141.0% during 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 in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at about $32,000. 78.32% of the stock is currently owned by institutional investors.
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.