In yesterday’s Wall Street session, Mondelez International Inc. (NASDAQ:MDLZ) shares traded at $70.34, up 1.53% from the previous session.
MDLZ stock price is now 4.88% away from the 50-day moving average and 0.41% away from the 200-day moving average. The market capitalization of the company currently stands at $93.96B.
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With the price target of $80, Goldman recently initiated with Buy rating for Mondelez International Inc. (NASDAQ: MDLZ). On July 31, 2024, DA Davidson reiterated its ‘Buy’ rating on the stock by increasing its target price from $80 to quote $75, while ‘Citigroup’ rates the stock as ‘Buy’
A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Mondelez International Inc. has had a low of $60.75 and a high of $77.20. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 0.68, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $112835010560, which is based on a 24.23 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for MDLZ is $67.103 and a two-hundred day moving average price translates $70.07635 for the stock.
The latest earnings results from Mondelez International Inc. (NASDAQ: MDLZ) was released for 2024-06-30. The net profit margin was 10.97% and return on equity was 14.01% for MDLZ. The company reported revenue of $8.34 billion for the quarter, compared to $8.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.93 percent.
