Equities researchers at Jefferies Financial Group began coverage on shares of Mondelez International (NASDAQ:MDLZ) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $65.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 18.20% from the company’s previous close. Jefferies Financial Group also issued estimates for Mondelez International’s Q4 2019 earnings at $0.61 EPS, FY2019 earnings at $2.47 EPS, Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.62 EPS, Q3 2020 earnings at $0.67 EPS, Q4 2020 earnings at $0.70 EPS, FY2020 earnings at $2.65 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $0.68 EPS, Q3 2021 earnings at $0.73 EPS, Q4 2021 earnings at $0.76 EPS, FY2021 earnings at $2.87 EPS and FY2022 earnings at $3.07 EPS.

Several other research firms have also commented on MDLZ. BidaskClub lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Bank of America reiterated a “buy” rating and set a $61.00 price target on shares of Mondelez International in a report on Thursday, October 31st. Royal Bank of Canada initiated coverage on Mondelez International in a report on Wednesday, October 16th. They set an “outperform” rating and a $66.00 price target on the stock. Deutsche Bank initiated coverage on Mondelez International in a report on Wednesday, December 11th. They set a “hold” rating and a $57.00 price target on the stock. Finally, Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Mondelez International in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $60.31.

MDLZ stock traded down $0.45 during midday trading on Wednesday, reaching $54.99. The stock had a trading volume of 239,147 shares, compared to its average volume of 5,301,262. The company’s fifty day simple moving average is $54.53 and its 200 day simple moving average is $54.18. The company has a current ratio of 0.50, a quick ratio of 0.34 and a debt-to-equity ratio of 0.48. The company has a market cap of $79.82 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.73 and a beta of 0.75. Mondelez International has a 52-week low of $42.53 and a 52-week high of $56.72.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a return on equity of 13.93% and a net margin of 15.42%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Sell-side analysts predict that Mondelez International will post 2.47 EPS for the current year.

Large investors have recently modified their holdings of the stock. Clean Yield Group increased its position in shares of Mondelez International by 65.1% during the 4th quarter. Clean Yield Group now owns 507 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Manchester Financial Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth about $31,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Mondelez International during the 2nd quarter worth about $32,000. KCS Wealth Advisory acquired a new position in Mondelez International in the 3rd quarter valued at about $33,000. Finally, Savior LLC acquired a new position in Mondelez International in the 4th quarter valued at about $37,000. 76.21% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

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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