RBC Capital analyst Nik Modi maintained a Buy rating on Mondelez (NASDAQ:MDLZ) International on Friday, setting a price target of $66, which is approximately 15.18% above the present share price of $57.3.
Modi expects Mondelez International to post earnings per share (EPS) of $0.38 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Mondelez International, with an average price target of $63.17.
The analysts price targets range from a high of $68 to a low of $58.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $5.91 billion and a net profit of $828 million. The company's market cap is $81.84 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.1% and a 70.47% success rate.
Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, meals, chocolate, gum, and candy. Its brands include but not limited to Nabisco, Oreo, and LU biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; and Trident gum. The company was founded by James Lewis Kraft in 1903 is headquartered in Deerfield, IL.