Mondelez International (NASDAQ:MDLZ) Shares Gap Up – Should You Buy?

Mondelez International, Inc. (NASDAQ:MDLZ)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $61.75, but opened at $64.10. Mondelez International shares last traded at $63.60, with a volume of 1,360,162 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDLZ. Citigroup lowered their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, December 5th. Piper Sandler raised their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.64.

Mondelez International Trading Up 2.5 %

The stock’s 50 day simple moving average is $67.54 and its 200 day simple moving average is $68.76. The firm has a market cap of $84.66 billion, a PE ratio of 22.66, a PEG ratio of 2.84 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mondelez International

A number of large investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mondelez International in the 2nd quarter worth $29,000. Finally, Highline Wealth Partners LLC purchased a new position in Mondelez International in the 3rd quarter worth $38,000. 78.32% of the stock is owned by hedge funds and other 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.