Mondelez International (NASDAQ:MDLZ) Stock Price Down 0%

Mondelez International, Inc. (NASDAQ:MDLZ) was down 0% on Thursday . The company traded as low as $70.48 and last traded at $70.68. Approximately 1,197,681 shares traded hands during trading, a decline of 85% from the average daily volume of 7,911,755 shares. The stock had previously closed at $70.69.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lowered their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Price Performance

The company has a market capitalization of $94.11 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.44 and a beta of 0.55. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $70.29 and a 200 day moving average price of $70.86.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the business posted $0.89 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Institutional Trading of Mondelez International

A number of institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC increased its holdings in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Carmel Capital Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.