Wells Fargo & Company Has Lowered Expectations for Mondelez International (NASDAQ:MDLZ) Stock Price

Mondelez International (NASDAQ:MDLZ) had its price target reduced by research analysts at Wells Fargo & Company from $70.00 to $65.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 9.02% from the stock’s current price.

Several other research analysts also recently issued reports on MDLZ. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Barclays increased their target price on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, BNP Paribas Exane lifted their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $66.61.

Mondelez International Trading Up 1.9%

MDLZ opened at $59.62 on Monday. The company has a market cap of $76.09 billion, a P/E ratio of 21.92, a PEG ratio of 2.29 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $61.84 and its 200-day moving average is $60.57. Mondelez International has a 1-year low of $51.20 and a 1-year high of $66.65.

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

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mondelez International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kennon Green & Company LLC lifted its stake in shares of Mondelez International by 5.1% in the third quarter. Kennon Green & Company LLC now owns 96,386 shares of the company’s stock worth $5,573,000 after acquiring an additional 4,698 shares during the period. Miller Global Investments LLC bought a new stake in Mondelez International in the third quarter valued at approximately $26,000. CX Institutional increased its position in Mondelez International by 10.1% during the 3rd quarter. CX Institutional now owns 39,897 shares of the company’s stock valued at $2,307,000 after purchasing an additional 3,656 shares during the period. Versant Capital Management Inc increased its position in Mondelez International by 22.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,483 shares of the company’s stock valued at $144,000 after purchasing an additional 449 shares during the period. Finally, First Financial Bank Trust Division bought a new position in Mondelez International during the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

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.