Mondelez International (NASDAQ:MDLZ) Given a $60.00 Price Target at Citigroup

Mondelez International (NASDAQ:MDLZ) received a $60.00 price target from research analysts at Citigroup in a research note issued to investors on Wednesday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Citigroup‘s price target points to a potential upside of 11.61% from the company’s previous close.

A number of other research analysts also recently issued reports on MDLZ. UBS Group set a $62.00 price target on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised their price target on Mondelez International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Evercore ISI assumed coverage on Mondelez International in a research note on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target on the stock. Stifel Nicolaus raised their price target on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Co raised their price target on Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.50.

NASDAQ:MDLZ traded up $0.13 during mid-day trading on Wednesday, reaching $53.76. 5,569,144 shares of the stock were exchanged, compared to its average volume of 6,862,451. The company has a 50 day moving average of $54.84. The firm has a market capitalization of $77.02 billion, a PE ratio of 22.12, a P/E/G ratio of 2.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. Mondelez International has a 1 year low of $38.78 and a 1 year high of $55.85.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.03 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Sell-side analysts expect that Mondelez International will post 2.49 EPS for the current fiscal year.

In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of Mondelez International stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at approximately $4,655,353.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in MDLZ. Lindsell Train Ltd lifted its holdings in shares of Mondelez International by 5.7% in the 2nd quarter. Lindsell Train Ltd now owns 33,644,019 shares of the company’s stock valued at $1,813,076,000 after buying an additional 1,799,497 shares during the period. Northern Trust Corp lifted its holdings in shares of Mondelez International by 1.7% in the 1st quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after buying an additional 353,903 shares during the period. FMR LLC lifted its holdings in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock valued at $1,000,819,000 after buying an additional 3,034,020 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mondelez International by 11.4% in the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after buying an additional 1,928,429 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Mondelez International by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 14,313,423 shares of the company’s stock valued at $714,526,000 after buying an additional 263,281 shares during the period. Institutional investors own 75.96% of the company’s stock.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Analyst Recommendations for Mondelez International (NASDAQ:MDLZ)

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