Mondelez International (NASDAQ:MDLZ) Given New $69.00 Price Target at JPMorgan Chase & Co.

Mondelez International (NASDAQ:MDLZ) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $71.00 to $69.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 20.25% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. DA Davidson reduced their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Bank of America cut their target price on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Piper Sandler decreased their price target on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Barclays lowered their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $65.89.

Mondelez International Stock Down 1.1%

Mondelez International stock traded down $0.61 during mid-day trading on Wednesday, reaching $57.38. 2,926,854 shares of the company’s stock were exchanged, compared to its average volume of 11,266,736. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Mondelez International has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a market cap of $74.04 billion, a P/E ratio of 21.46 and a beta of 0.39. The company has a fifty day moving average of $55.29 and a 200-day moving average of $60.21.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Mondelez International by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 19,558 shares of the company’s stock worth $1,319,000 after buying an additional 3,632 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Mondelez International by 31.8% during the second quarter. Park Avenue Securities LLC now owns 26,224 shares of the company’s stock worth $1,769,000 after buying an additional 6,327 shares during the last quarter. CHICAGO TRUST Co NA increased its position in Mondelez International by 11.2% in the 2nd quarter. CHICAGO TRUST Co NA now owns 15,811 shares of the company’s stock valued at $1,066,000 after acquiring an additional 1,589 shares during the period. Finally, Norden Group LLC increased its position in Mondelez International by 39.5% in the 2nd quarter. Norden Group LLC now owns 18,944 shares of the company’s stock valued at $1,278,000 after acquiring an additional 5,367 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.