Mondelez International (NASDAQ:MDLZ) Trading Down 1.1%

Mondelez International, Inc. (NASDAQ:MDLZ) shares fell 1.1% during mid-day trading on Friday . The company traded as low as $69.32 and last traded at $69.69. 2,020,460 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 7,915,233 shares. The stock had previously closed at $70.50.

Wall Street Analyst Weigh In

Several research analysts have commented on MDLZ shares. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Barclays decreased their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, StockNews.com lowered 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a fifty day moving average of $70.29 and a two-hundred day moving average of $70.86. The stock has a market capitalization of $94.11 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.46 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter 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. On average, analysts predict that Mondelez International, Inc. will post 3.51 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Bogart Wealth LLC lifted its position in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter worth approximately $26,000. Carmel Capital Partners LLC purchased a new stake in Mondelez International during the third quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in Mondelez International in the third quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC purchased a new position in Mondelez International in the fourth quarter worth $29,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Company Profile

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.