Mondelez International (NASDAQ:MDLZ - Get Free Report) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report issued on Thursday,Briefing.com Automated Import reports. They currently have a $67.00 price target on the stock, down from their previous price target of $78.00. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 6.15% from the company's previous close.
MDLZ has been the topic of a number of other research reports. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Wells Fargo & Company reduced their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, December 5th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.07.
Read Our Latest Report on Mondelez International
Shares of NASDAQ MDLZ opened at $63.12 on Thursday. Mondelez International has a 12-month low of $60.33 and a 12-month high of $77.20. The company has a market cap of $84.40 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock's 50 day simple moving average is $67.54 and its 200 day simple moving average is $68.76.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. During the same period last year, the business posted $0.82 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Mondelez International will post 3.48 EPS for the current year.
Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth $29,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
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