JPMorgan Chase & Co. Issues Pessimistic Forecast for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $72.00 to $71.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 10.86% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. TD Cowen raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. The Goldman Sachs Group raised their target price on shares of Mondelez International from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Piper Sandler lifted their price target on shares of Mondelez International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.77.

Mondelez International Price Performance

NASDAQ MDLZ traded up $1.02 on Friday, reaching $64.05. 2,231,172 shares of the stock traded hands, compared to its average volume of 9,184,077. Mondelez International has a 12 month low of $51.20 and a 12 month high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $61.63 and its 200 day simple moving average is $60.78. The company has a market cap of $81.74 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.46 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts predict that Mondelez International will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Mondelez International

Several hedge funds have recently bought and sold shares of the business. First Trust Advisors LP grew its stake in Mondelez International by 10.1% in the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after purchasing an additional 103,778 shares in the last quarter. Baird Financial Group Inc. raised its position in Mondelez International by 5.1% during the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock valued at $20,527,000 after acquiring an additional 17,248 shares in the last quarter. Ethic Inc. grew its position in Mondelez International by 21.5% in the second quarter. Ethic Inc. now owns 235,350 shares of the company’s stock worth $13,613,000 after acquiring an additional 41,601 shares in the last quarter. Amundi grew its position in Mondelez International by 18.0% in the first quarter. Amundi now owns 3,243,030 shares of the company’s stock worth $186,928,000 after acquiring an additional 494,996 shares in the last quarter. Finally, National Pension Service grew its position in Mondelez International by 1.8% in the second quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after acquiring an additional 60,973 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International, Inc is a global food and beverage company focused primarily on snacks. Its portfolio includes biscuits, cookies, crackers, chocolate, baked snacks, gum and candy. Well-known brands include Oreo, Ritz, Chips Ahoy!, belVita, LU, Cadbury, Milka, Toblerone, Sour Patch Kids and Trident.

The company sells its products in countries around the world through grocery stores, convenience outlets, e-commerce channels and other retail and food-service locations. Its operations are organized around major geographic markets, including North America, Latin America, Europe and emerging markets across Asia, the Middle East and Africa.

Mondelez was created in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.